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Borrowers
Karps Capital does nationwide private
commercial lending. We fund commercial real estate collateralize loans that do not meet
banks' criteria from $1,000,000 to $50,000,000+.
Because we are a private
company owned and operated by entrepreneurs, we can develop a loan structure that is customized
to your unique needs. In addition, it is our goal for all borrowers to fulfill the terms
of their agreement without default. With that in mind the three main criteria we
look at is:
1) The
Property's Income (NOI)
2) Quality of
the property and deal structure
3) The strenght
of the Borrower, financial and experience. ( a qualified sponsor can
be brought in if needed).
Though there
are other components, with the above mentioned 1-3 you are more than half way to the closing
table.
Take a look at the Loan
Process you'll better understand
what it take to close your Loan.
Relationships are the key to our
success and we look forward in funding your commercial projects. We base our decision on the
value of the asset and your experience and financial liquidity, not a borrower’s credit.
If you have a deal that needs our
immediate attention, please submit an online
application.
*** New Workout Loan
Program ***
Also please
provide the following: ( Additional documents may be required)
1. Color photos of the subject
property, (Inside and Outside 4 min.)
2. Executive Summary.
3. Purchase Agreement
/Contract
4. Borrower / Sponsor’s Personal
Financial and Real Estate schedule.
5. Borrower / Sponsor' s Resume or
Bio detailing experience.
6. Three years Profit and Loss
statement on the subject property or business entity.
7. Income & Expense Projections (12 months)
8. Current Year to Date Profit
& Loss Statement
9. Rent Rolls and Leases:
(to include: tenant name, unit number, sq.
ft of each
unit, rent amount, date lease started, expiration date of
lease).
ALL DOCUMENTS MUST BE IN ELECTRONIC FORMAT AND SHOULD BE ABLE TO
BE TRANSMITTED TO KARPS VIA EMAIL.
Our lending
parameter outlines our loan
criteria.
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