How
often have you seen a great deal but thought you didn't have
enough money to purchase the property? For the experienced real
estate investor and/or developer, a variety of products are
available to close the gap. First Financial Bancorp has access
to funds for multifamily, commercial and construction projects
where leverage is required.
• Mezzanine
Financing —
Typically structured as a 2nd T.D. or a loan to a LLC or other
single
asset entity. Rates typically range from 9.5% to 14%. Mezzanine
debt can provide up to 90% of the project cost.
• Equity
Financing —
Can provide additional equity up to 100% of project cost.
All transactions are priced based on the risk assessment of
the fund
used. Typically structured with a preferred return and a percent
of
the profits from the project.
• 100%
Debt Financing —
For the truly incredible property, 100% debt financing can
be
considered. For example, if you’re a developer who wants
to build a
shopping center, if you have strong pre-leasing activity, this
loan can
be the answer to your dreams.
“Making
the Impossible Look Easy” |