Commercial Lending

Over the past five years, Hankey Investment Company, L.P., through its subsidiary, HIC Acceptance, LLC (“HICA”), has financed in excess of $350M on various commercial real estate projects, primarily in the greater Los Angeles area. HICA is an asset-based lender, offering a broad array of financing solutions ranging from $1M to $20M, for acquisitions, restructure and refinance opportunities on commercial real estate. HICA’s competitive advantage is its ability to underwrite and close transactions in a fraction of the time institutional lenders take to do so.

The interest rate is variable and tied to the Prime lending rate (minimum 8.5%). Most loans are recourse and require written guarantees by the principal(s), secured by first priority liens on real estate in Southern California. Typical terms range from 12 to 24 months with a minimum 1% origination fee and 1% prepayment penalty. The loan amount, interest rate, term, amortization and origination fees all vary based upon conventional underwriting factors such as the nature and size of the project, the loan to value ratio and the amount of borrower's equity in the deal. HICA does not offer consumer financing.

Please contact Eugene Leydiker for more information.