Karps capital Loan GuideLine:

 *** New Workout Loan Program ***

** Quick Closing ** 

 

Property Types:

Multifamily- Apartments (5+ Units)
Retail Shopping Centers
Mixed Use Properties
Office Buildings
Student Housing
Warehouses
Parking Garage
Self Storage

 

Hotels/ Motels
Special Purpose
Mobile Home parks
Condo Unit Inventory Loans
Strip Mall
Office Condos
Light Industrial
Assisted Living

 *** New Workout Loan Program ***

 

In-house Bridge Loans

Conventional / SBA 

Loan Size: $2M - $50M+

Loan to Value Ratio: Up to 75%
Interest Rate: 8 - 14%
Term: 6mths - 3 years
Amortization: Interest Only
Recourse: Preferred
Origination Fee: 2 - 4 Points (taken from Loan at closing)
Exit Fee: None
Extensions: Yes
Extension Fee: 1/2 - 1 Point

 *** New Workout Loan Program ***

 Loan Size: $1M - $50M+

LTV/LTC Ratio: Up to 85%
Interest Rate: 4.5 - 9%
Term: 5/10/15 25,30yr Amort-(*No Balloons) 
Amortization: *P&I /Interest Only
Recourse: Preferred
Origination Fee: (Varies according to Loan Structure)
Extensions: Yes

  • SBA 504 & 507 Programs
  • 85% avail. for Start-Up Financing

 

  • The Higher the quality of the loan the better terms

Please Click Here to Request Your Loan

  

 

To Quickly Evaluate A Scenario, Please Provide:  ( 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).

* FINANCIALS THAT ARE HANDWRITTEN WILL NOT BE ACCEPTED.

FINANCIALS FROM A CPA/ACCOUNTANT WILL BE ACCEPTED.

 

ALL DOCUMENTS MUST BE IN ELECTRONIC FORMAT AND SHOULD BE ABLE TO BE TRANSMITTED TO KARPS VIA EMAIL.

Please note that Requested Documents will vary with the type of loan/project you have. Generally the list above outlines a good starting point for required documentation.

Please Click Here to Request Your Loan

 
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New Workout Bridge Loan for Over leveraged/ Upside Down Commercial Real Estate Properties. 
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