Parente Capital Group offers commercial real estate finance programs from our diversified group of Investors, Investment Funds, Pension Funds, Hedge Funds, Private Investors, Corporate & Institutional Investors. Our credit facilties are customized per each transaction with variety of rate & term options based the property type & cash flow, borrower strength & expertise level and location and market feasibility.
A leader with over 50 years combined principals/financial analysts experience in commercial underwriting, origination and investment banking.
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| Commercial Real Estate Projects, Casinos, Gold Mines, Coal Mines, Alternative Energy Projects, Oil and Gas Projects, International Projects, Worldwide Project Financing, Joint Venture, Corporate Finance Mergers & Acquisitions, Shopping Centers, Office Blocks, Medical Centers, Above Ground Assets, Land, Home Loans, Construction & Development Loans, Schools, Buildings, Financial Institutions, Airports, Ships, Refineries, Energy Plants, International Ports, Project Financing, Bridges, Roads, Pipelines, Hotels Motels, Condominiums, Resort Developments, Film Financing, Industrial Business Centers, Commercial Complexes, Retirement Nursing Homes, Medical & Environmental Facilities, Energy Projects, Chemical Plants, Oil Pipelines, Industrial Business Centers, Development General, Vessels, Construction Low Cost Housing, Development or Acquisition Financing, Ship & Aircraft Financing, Factory or Industrial Projects, Schools, Oil, Hospitals Government Buildings, Resort Centers, Theme Parks, Marinas, Dams Projects
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Hedge Fund - Private commercial $10 MM to $50 Million
Difficult situations, Borrower Issues, Debt Consolidation, Foreclosure Workouts, Gap-Bridge Financing, Rehabs & Conversions, Vacant Land & Entitled Land Cashout Refinances, Inherited Land with Equity for redevelopment/ cashout. Nationwide on case by Case basis
Land Finance $1 Million to $4 Million ( cash out refinance of entitled property) to 70% ( case by case basis) private money rates in early to mid teens & terms to 12 months to 2 years., No prepay and Interest Only is standard
Nationwide on Case by case basis, larger bridge loans available based on exit strategy and review of Principals overall financials and strategy with asset.
Private Flag Fund- Opportunistic
$1 Million USA Minimum, $3 Million Internationally to $100 Million
Foreclosure & Bankruptcy Resolutions, Rehabs & Land Developments
No Prepayment Penalty , other types of collateral considered , cross collateralization is acceptable
Unconventional & Problematic real estate loans
Specialty In Bridge Loans , Acquisition & Development, Blanket Loans, Cash Out Refinance,Construction Completion 60% LTC to 65% LTV, Construction Take out, Mezzanine, Joint Ventures,
Non Recourse, Foreign Nationals acceptable
Terms: Interest Only up to 3 years
Loans From $500,000 to $200 Million- Short Term Opportunistic Fund
Acqusition & Development
Blanket Loans
Bridge Loans
Cash Out Refinance
Construction Completion Max LTC to 100%, to 65% LTV
Non Recourse
Rehab, Remodel, Renovation
Term: 1-3 years
Lending Footprint: United States
Property Types: All commercial properties considered
Interest Rates: As Low as 9%( rates will depend on collateral type) to 14%
Amortization: Interest Only
Loan to Value : to 75%
Origination: From 2-4 % ( from loan proceeds at closing)
Closing in as quick as 2-7 business days
Fund Projected: $800 Million in 2008
Property Types: Auto Body / Autop Repair, Commercial Building Lots, Day Care Facilities, Dry Cleaners & Laundrymats, Gas Stations, Leisure Golf Courses, Marinas, RV Parks, Historic Property, Hospitality- Hotels, Motels, Industrial Buildings, Land, Mixed Use Properties, Multi Family, Office Buildings, Ranches & Farms- Income producing, Restaurants, Retail Shopping Centers/ Strip malls, Self Storage
$2 Million to $75 Million- Specialty Realty Trust
Swift Turaround Financing even for the most complex and difficult financial scenarios
Loan closing in a matter of days
Bridge Financing to 80% LTV, Acquisition, Renovation/ Rehab Loans
Cash Out Refinances, Construction Completion, Construction Takeout- Repositioning
No Prepayment Penalties, No Lockout fees or Exit fees, Notes Purchased
No Appraisals Required
Owners: paydown your present Debt, restructuring in matter of days
Purchasing your present debt at a discount
Investors: Buying Notes from lenders
Foreign Nationals acceptable
Corporations, Trust legal entities acceptable
Term: Maximum 2 Years
Fund Projected $400MM in 2008
Property Types: Golf Courses, Marinas, RV Parks, Historic Property, Hospitality & Hotels, Mixed Use properties
Retail Shopping Centers, Office Buildings, Multifamily
Environmental Hedge Fund- Newly Launched 2008 December
All Property Types
$5 MM to $25 MM
Lending Footprint: Nationwide USA
Rate: Libor Based
Max LTC 75%, Max LTV 75% upon completion
Maximum Term: 2 Years
Subordinate Financing Allowed
Specialist in construction loans on contaminated sites, land only 50% LTV/65% LTC
Hedge Fund Elite $1 MM to $ 20 MM
Income Producing properties
Acquisition & Development
Gap/Bridge Loans, Mezzanine , Notes Purchased, Purchase Loans
Remodel & Renovation
Unique Situations: Foreclosure Workouts, Sale lease Back Scenarios, Borrower Distress, IRS Tax Liens,
2nd Position Mezz /Acqusition Finance,
Interest Rates: Start at 10% and up
65% LTV ( up to 80% exceptions are considered based on situation)
6month guarantees in most loans
Fees: from 2-4%
Recourse: typically personal & corporate recourse
Committment Fee: 1% is typical at time of committment
Closing: usually within 14 days
Property Types: Gas Stations, Carwashes & Automotive related, Hospitality( motels & hotels)
Industrial Buildings, Land, Medical, Hospital & Clinics
Mixed Use properties, Multi Family , Single Tenant Buildings, Self Storage
Retail & Shpping Centers, Office Buildings & Complexes, Parking Lot Sites & Single Tenant Buildings
Lending Footprint: Nationwide USA
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Owner Occupied # 1 Rated Federally Charted Bank Program
Purchase, RT, Cash Out, Partner Buyout, Cash out for buisness objectives, Improvements to asset
multiple locations ok if owner occupied
Commercial Loans : $150,0000 to $2,000,000
Lending Footprint: all 50 states
Retail, Light Industrial & Mixed Use properties, Gas Stations, Convenience stores, Hotels, Motels, Auto Repair,
Auto Sales, Medical Buildings, Specialized owner occupied; Surgical & Professional Practice, Financial Planning, Attorney,CPA, Insurance, Dental, Affiliated Businesses that are leasing that now want to purchase their building.
Fico Max LTV Minimum DSCR- debt service coverage ratio
500-599 65% 1:25, 1:00
600-649 70% 1:1
650-699 75% 1:1
700+ 75-80% 1:1
Over 700+ fico and under 50% LTV exceptions may be made on DSCR
Rate: Quarterly Variable (WSJ Prime +2.75%)
Terms: 15/20/25 years , PPP- prepay penalty, 3 year declining (5,3,1)
-Borrower can prepay up to 20% towards principal to reduce overall debt on a yearly basis
Standard: With SBA Guarantee ( Loan amount x .75% x .035), Average Closing 30-45 Days,
Customary closing costs can include title, doc prep, processing, intangible taxes etc.
Application Fee will apply based on transaction
Origination Fee: 1.0%, Estimate Closing costs will be based on deal presented.
-Cash-Out for Business property improvements, debt reduction, business purposes that must be
documented before disbursement. Owner must occupy minimum of 51% of finished Square footage.
-All loans done through this program are going to be quarterly variable interest rates tied to the
WSJ Prime rate with a spread of 2.75% above WSJ Prime. This program is what we use for about 90% of our loans and the pricing is the same for every borrower very small amount of our overall volume. We only lend to owner operated businesses
USDA Loan program $ 2,500,000 to $10,000,000, (Flag Hotels, & Motels included)
Cash Out Refinance( for business improvements debt consolidation, Purchase, RT)
Fico Max LTV Min DSCR
650-699 70% 1:25:1
700+ 75% 1:25:1
Rate Quarterly variable (WSJ Prime +3.75) ( varies by state )
Terms: 15/20/25/30, PPP: 5 year declining( 5,4,3,2,1) With SBA Guarantee , pricing & fees.
( All Loans are approved on an individual case by case basis, all loans subject to pre-approval by loan committees)
(Properties that do not qualify: churches, non profit, investment properties, bars,
restaurants, golf courses, undeveloped land)
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Gas Station/ C- Stores/ Car washes
$ 300,000 to $5 Million- Direct Portfolio Program
Up to 20 year Amortization
Nationwide
Favorable LTV
Real Estate / Leasehold
New Site Development
Bridge Loan- Repositioning
Long Term Financing
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Unique Properties $100,000 to $2,500,000
Restaurants, SFR Conversions, Hotels & Motels, Self Storage, Auto Shops, Day Care,
Funeral Homes, Assisted Living
Rates from 1.0% to 2.5% Plus Prime rate( Floaters)
4.0 to 5.0% over T Bill Plus margin ( Fixed)
Fico Based Pricing: 660 and above
Full Documentation only- no stated
All 50 States
LTV : from 60-65% for most deals
20 to 30 day closings
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COMMERCIAL LENDING MADE EASY Loans/Lines $50,000 - $500,000
Great for business owner with low basis or need or refinance RT, cashout or leasing property and wants to buy.
· Office, Commercial Condo (some restrictions apply)
· Light Industrial, Warehouse, Retail
· Mixed Use, Special Purpose
· Investment Property
· 5+ Multi-Family Residential
· Some environmentally risky properties ok
Most Common Special Purpose- Loans to value from 60% LTV
· Auto Repair, Auto Sales, Convenience Stores, Self-Storage
· Fast Food Restaurant, Gas Stations <10 years old
· Day Care or Preschool, Convalescent Home
· Nursery (Horticulture), Theater, Bowling Alley
Loan program parameters
· Tailored for self-employed, small business, commercial, and real estate investors
· All legal entities; individuals, sole proprietors, partnerships, LLC’s,
· corporations and trusts
· Owner occupied and Investors property.
· Risk Based pricing Tiered pricing from 700 Fico to 720 + Fico
· Strong credit history
· Minimum 700 FICO for owner-occupied properties, Loans to 75% of value
· Minimum 700 FICO for investor properties, loans to 70% of value
· No bankruptcies in last 10 years
Purchase, Equity or Refinance (including cash out)
· Secured by commercial real estate valued up to $2MM*
· Wide eligibility of properties types; even some environmentally
· sensitive properties are eligible
· Loans, Lines and Loan/Line combos, Adjustable or Fixed rates, Best Rates are Full Doc.
· 1st Lien position ONLY, Stated Income & Verified Assets( rate adjusters apply), Streamlined Process
· Credit decision usually within 72 hours
· No appraisal fee- a huge savings on for borrower!
· No title/escrow on equity/refi transactions- another great savings!
· (If the customer finds a better offer we will match the offer or give them $200)
· Best Combined Rate & fee- GUARANTEED, ask us how you can benefit!
· Applications not accepted in: FL,IN,KY,MI,NV,OH,TN
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Loan Detail on Loans or Lines from $50K to $500,000
Fixed Rate Loan
The rate is quoted at approval and the payment is fixed for the life of the loan. Fixed rates carry a prepayment
penalty for the full term of the loan: RATES BASED ON FICO SCORE TIERING 700-720+ RANGE, Size of loan
Terms: 5/5, 7/7, 10/10, 15/15, 10/25, 5/30
3% penalty of amount prepaid in year 1 or 2
2% penalty of amount prepaid in year 3 or 4
1% penalty of amount prepaid in year 5 or after.
After year 5 customers can refinance with lender and prepayment penalty will be waived.
NEW Prime Based Loan Plus 2.25%
(the following applies to applications received after March 2009
***Great product for clients looking for low introductory rate but concerned about potential rate increases. The prime based loan can be converted to a fixed rate loan for only $500.00. No need to re-apply.
( RATE SUBJECT TO CHANGE)
The WSJ Prime Rate is the index. example: 3.25% plus 2.25% The interest rate assessed on the loan will be adjusted with each change in the Prime Rate. The payment will be fixed for 12 months and adjust only once per year on the anniversary of the loan. Any over or under payment of accrued interest resulting from the change in rate, will be applied to the borrower’s principal balance. The re-amortized payment will be calculated annually, using the remaining term, current balance and WSJ Prime Rate then in effect. Prime based loans have an early closure fee of $3,000 if account is paid off in the first three years. Prime based loans can be converted to a fixed rate for $500. No need to reapply, no loan origination fee. Ask for details!
PRODUCTS: 5YR/ 5 YR AM, 10 YR 10 YR AM, 15 YR/15 YR AM, 10 YEAR 25 YEAR AM, 5 YR /30 YEAR AM
Line of Credit- 1st position lines only
Lines of credit have an early closure fee of $1,500 if account is closed in the first three years. Annual Fee of
One quarter of one percent (0.25%) of the line, subject to a $250
LINE OF CREDIT SPREAD OVER PRIME AT 3.25%, PLUS ADD ON from .75% to 2.75% based on fico
Closing fee of $375.00 applied to all equity and refinance transactions by lender
Loan fees 2% per each transaction
Waive 1% bank fee on fixed products by adding .35bps to final rate.
Application Cost $500.00 required at full application and processing for conditional approval, which includes meeting with commercial loan advisor and recommendations on best product for the loan scenario with options.
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Parente Capital Wealth Advisors:
was formed to educate and help preserve Investors and property owners capital resources with options of estate planning that coincide with their overall goals.
Many Investors need the most updated information in accordance with the IRS guidelines to help them with Capital Gains Deferral, Asset Protection and various Trusts that preserve the capital and investments that they have worked so hard to keep.
- Protect your personal and business assets from lawsuits, judgments and liens
- Reduce or eliminate personal liability from risky business activities
- Achieve a high degree of privacy for business & personal finances and property
- Protect yourself from con artists and dishonest relatives in your senior years
- Control divorce and ex-spouse claims
- Relieve malpractice concerns
- Take care of the usual estate planning needs at the same time
The Capital Gains Tax Problem:
Capital gains taxes are a tax on the profit we make when we sell assets. The asset may be real estate, personal property, investments and securities, a business, an art collection, etc. Any long term asset sold at a profit is subject to a capital gains tax of some rate. The price paid or the cost of the asset is called the "Basis". Over time the asset grows in value or appreciates. The point of time at which the owner wants to sell the asset is the most important time.( concerns of capital gains set in) Unfortunately the seller does not get to keep all the profit, the capital gains, and is taxed at some rate.
The key is to plan ahead now for when you have to plan your estate or plans to defer capital gains. Most investors think of planning when it's to late or incorrect planning of taxes may occur.
The rate for a significantly sized sale of an asset owned for one year or longer (referred to as long term gains) will be 15% for federal taxes. Most states charge 5% to 10% on top of that, making the total tax run as high as 25%. If there is depreciation recapture in the asset sale, that is taxed at 25% federal rate, making the tax on recapture higher than the capital gains tax.
That isn't the end of the story for the total tax effect though. Capital gains must be added to the taxpayer's adjusted gross income (AGI). This means that capital gains or profits will raise the "floor" above which one can take a number of itemized deductions. This often results in a large decrease or total loss of those deductions. Also the higher AGI from adding in the capital gains is taken into account in computing the phase out of personal exemptions. Again, for many taxpayers this results in a large loss of deductions. This makes the effective, but hidden, capital gains rate much larger than the stated federal and state rates. As a result of the hidden and the recapture taxes the total tax effect on a capital gains sale can easily exceed 25%. To make matters worse the capital gains and depreciation recapture taxes must be paid within ninety days of the sale of the asset.
Complimetary consultation of Clients objectives and feasibility is initially conducted
Retaining our services includes retainer agreement engagement and full review of clients financial condition and feasibility study that is reviewed by in house legal council.
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