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 |
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|---|---|
| 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 |
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|---|---|---|
| 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
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Close in as Few as Five Days
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Transitional Properties OK
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Higher LTVs/LTCs Considered
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Creative Structures Possible
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Competitive Pricing
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We Can Finance Land
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No Yield Maintenance
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Foreign Nationals OK
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Minimal Paperwork
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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.