Owners looked for the highest LTV (loan to value), best rate, longest amortization period, lowest fees, non-recourse interest only for one year and we delivered on everything.
COVID-19 caused non-revenue, low DSCR (debt service coverage ratio), DOB landmark issues, and immediate financial needs, which we delivered with excellent rates.
Our financial analysis identified cash flow issues. We lowered the owners’ property rate with a longer-term, reviewed all loans, including equipment financing, resulting in all debt savings of over $275,000 a year.
The Liquidity Source was able to get bank financing for a Brooklyn owner who thought her only option was "hard money." Our team achieved a 2-million-dollar interest-only loan at 4.75%, with the ability to refinance when construction was complete and the building was stabilized.
After losing a ground floor tenant with a $300,000 annual lease, we found a traditional bank to loan $1.0 million, interest-only up to 5 years, non-recourse at 5.0%. The tenant could use it as a supplement until the pandemic ended, and they could pay down the loan or get a long-term deal at any bank at aggressive rates.
Find the right loan for your specific needs
What separates us from everyone else? We care about what you care about. You tell us what matters the most to you and we’ll create tailored loan terms to meet your individual needs.
Direct Lender
Strong Lender Network
Customized Approach
Non-QM
Portfolio Analysis
Free Consultation