Industrial Loan program

Industrial Loan program

Minimum Request: $2,000,000 Up to: $15,000,000 ($19,999,999 Case by Case) 

 

As Is Stabilized Refinances up to 70% Loan To Value

 

Ground Up Construction up to 80% Loan to Cost up to 70% of the Stabilized Value

 

5 Year or 10 Year Fixed Rate 

 

Rates starting at 5.95%

 

Origination Fees starting at 1%

Loan Amounts: $2,000,000 to $15,000,000 (Up to $19,999,999 Case by Case.)

 

Interest Rate: From 5.95% to 7.95% 

 

Fixed Rate Interest Period: 5 or 10 Years

 

Recourse: Full Recourse or Non Recourse Available Case by Case. 

 

Prepayment: 5 Years 5%-4%-3%-2%-1%

 

Loan to Value: 

For projects that are stabilized up to 70% of As Is Value

 

 

Ground Up Construction Loan to Cost: 

 

70% to 80% Loan to Cost up to 70% of the Stabilized Value 

 

Lien Position: 1st Lien Position 

 

 

Close of Escrow: 30 – 60 Days

 

 

Origination Fee: 1% to 2.75% paid at COE

 

 

Collateral Types: 

Office Complexes, Retail Strip Centers, Mixed Use, Medical Offices, Assisted Living Facilities, Hotel / Motel (Flag or Independent.), Industrial, Warehouse, Manufacturing, Land that is fully entitled and shovel ready. No Residential, No Multi-Family, No Raw Land. 

 

Locations: 

US Only. Rural OK. All US locations will be considered on a case by case basis. 

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Disclosures:

By attending this website (www.expediahomes.com), any visitor is hereby expressing and/or accepting: 

This is not a commitment or offer to lend, this website is for informational purposes only.  Interest Rates, Fees, and other important or minor details are subject to change based on market conditions, due diligence, and input by underwriting. If your project is approved, a formal loan commitment will be issued. Time frames for each portion of the process vary due to market conditions and other factors like third parties. By visiting this website, the visitors hereby agree on behalf of the visitor’s company / business entity along with sponsors, co-sponsors, officers, and/or investors, to hold harmless Expedia Homes,  LLC, www.expediahomes.com , investors, employees, officers, and/or third party subcontractors in the closing of any transactions. Third party reports are ordered at on a cost plus review basis. Expedia homes, LLC cannot guarantee nor influence values, or other specific important and/or minor conclusions, along with the time frames to complete third party reports. Some projects require a project feasibility, and may or may not require traffic studies or other individual reports as required by specific subject property locations and market conditions. Expedia homes, LLC does not pay for third party reports, third party reports are billed via invoice that must be paid at presentation. Time is of the essence, and even though Expedia homes, LLC works tirelessly to maintain quick closing times, there are factors outside of the control of Expedia homes, LLC, along with other conditions, that do not always allow the projected time frames to be maintained.  Brokers and/or referral sources are protected, thus Expedia homes, LLC honors Broker Invoices or Referral Fee Agreements that are submitted in writing. Expedia homes, LLC only accepts new client files from brokers, if you have a further transaction, please see your introducing representative. Expedia homes, LLC  is a private source of capital, therefore your information will not be shared with the general public on any marketing information. 

Expedia Homes, LLC is a limited liability company out of the State of Nevada. Expedia Homes, LLC both directly provides funds and also brokers requests that cannot be funded in house. Expedia Homes, LLC does not operate in any state or local area whereas the laws of that state or local are prohibit cost effective operations. Expedia Homes, LLC is a private company, not open for the public. Expedia Homes, LLC does it’s best to analyze and review all proposed transactions, but cannot possibly analyze, review, and take interest in all transactions that are presented. Rates, Fees, and other minor or important details are subject to change with or with out notice. No warranties are granted, nor should be implied. 

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