Commercial Loans 
First Capital Funding Corporation has seen the need to enter the commercial real estate loan arena to service the opportunities that others don’t. Often times a person requesting a commercial loan secured by a commercial property is put through an enormous amount of red tape. At FCFC, we’ve designed our Commercial Origination Program for customers who are not well served by traditional banks, life companies or conduits. We specialize in financing out-of-favor or difficult-to-finance real estate properties, such as hospitality, assisted-living and unanchored retail; turnaround properties with temporary cash-flow deficiencies; odd property types including rooming houses, marinas, bars and restaurants; and deals that require subordinate financing. |
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Of course, we finance traditional income producing property types, but we focus on transactions where there is a bit of a story on the deal or the borrower is in need of a fast closing. We close most of our loans in two to three weeks, under 10 days if necessary with a full package. We are able to accomplish this because we do not have excessive layers of management and bureaucracy, we are accustomed to seeing outside the box deals and are able to make decisions quickly. Most of our commercial loan deals are in the 50-70% loan-to-value range and from $400,000 to $100,000,000 but we will entertain requests for larger loans. The commercial lending program applies to most continental United States locations as well as worldwide with some restrictions. Presently we offer these type of loans:
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Apartment Loans and Multifamily (1 Million-500 Million)
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Condo Conversion |
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Gas
Station/ C-Store |
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Golf
Course/ Casino Gaming |
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Health Care/ Senior Housing |
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Hotel/ Motel/ Resort |
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Industrial/ Warehouse |
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Land
- Raw/ Improved |
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Mobile Home Park |
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Office/ Medical Bldg. |
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Outlet Shopping Mall |
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Owner - User Occ. Business |
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Religious Church/ Temple |
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Retail Anchored Center |
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Retail Unanchored Center |
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Self/ Mini Storage |
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Single Tenant, Triple "NNN" |
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Special Purpose/ Mixed-Use |
COMMERCIAL LOAN SUBMISSION REQUIREMENTS Please forward the following information, to the extent it is available to help us understand, price and respond to your loan request. Color Photos: | Please provide front, rear and interior photos of the subject along with street scenes and photos of the adjacent properties. |
Loan Request Form | Please complete all fields. This form serves as an executive summary and helps to answer questions that we have about your deal. Download form in pdf if needed |
Appraisal or Other Third Party Reports | If you have an old or existing appraisal, please forward it along with any other third party reports such as: feasibility studies, environmental, engineering reports, cost breakdowns of recent improvements, surveys and title work. Even reports that are dated help us to better understand your client’s loan request. |
Purchase Contract or Deed | Please provide a copy of the purchase contract or the current deed evidencing ownership (if a refinance transaction). |
Credit Reports Rent Roll | Please provide a current rent roll or lease summary to include tenant name, suite number, square footage occupied, type of lease (i.e. gross, NNN, NN, N, percentage or other), current annual base rental rate, expense payment provisions, stated options or fixed renewals, start date of lease and end date on lease. Download form in pdf if needed. |
Profit and Loss Statement on Property or Business | Please provide prior two calendar years (if applicable) and year-to-date profit and loss statement(s) and last two years tax returns. Download form in pdf if needed. |
Financial Statements and Tax Returns for Individuals If Construction Loan Renovation Work If any renovation work is to be done with the new loan, please provide;
| A cost breakdown of the work to be completed. Download form in pdf if needed | | The bid from a licensed general contractor in the location of the subject property | | Architectural plans, if applicable, | | The draw schedule to indicate no more then three draws demonstrating all work to be completed within three months of loan closing and | | Proposed payment reserve, if necessary, to cover debt service during the complete renovation period. |
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