FINANCE

HIC’s lending entity, Hankey Capital, is a private direct lender originating bridge financing in the $2 million to $100+ million range secured by real estate located in California.  HC specializes in time-sensitive and value-added deals underserved by banks and other traditional capital sources.  In addition, Hankey Capital offers structured finance solutions (including Debtor in Possession financing), totaling over $200 million in recent deals.  Currently, Hankey Capital has over $850 million in loans on its balance sheet.

LENDING PARAMETERS

Bridge

Amount $2M to $100M
Rate 8.5% – 12%, I/O
Points 1% – 3%; No Exit Fee
Location SoCal; Bay Area
LTV / LTC Up to 75% LTV

General Parameters

Purpose Acquisition, Refinance, Development, DPO, Note Purchase
Collateral Multifamily, SFR (NOO), Land (Entitled and Unentitled), Office, Retail, Industrial, and Hospitality
Term Up to 36 Months
Prepay Allowed, Fee May Apply; No Yield Maintenance
Recourse Typically Recourse; Non-Recourse Considered
Closing As Fast as 5 Days; Minimal Closing Costs
Position First Trust Deed; Subordinate Financing Allowed

Program Highlights


  • Close in as Few as Five Days

  • Transitional Properties OK

  • Higher LTVs/LTCs Considered

  • Creative Structures Possible

  • Competitive Pricing

  • We Can Finance Land

  • No Yield Maintenance

  • Foreign Nationals OK

  • Minimal Paperwork

  • No Minimum DSCR

Actual terms will vary based on a number of underwriting factors. Please call us at (323) 900-3000 or email us at info@hankeycapital.com to discuss your specific financing situation, and we will quickly evaluate whether we can craft a solution to meet your needs.

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