Occasionally fast, stopgap funds are required between a current problem and the funding of a permanent long term loan as a solution. In such instances speed is of utmost importance. Fast real estate equity loans are available to bridge the gap between projects which otherwise would have to be deferred, abandoned, or lost.
Firms and individuals may have a need for loans where repayment ability or credit quality may be a stumbling block to conventional financing. In such cases certain loan programs are available if there is sufficient equity in the real estate being used as collateral. Loans can be originated even when existing loans are delinquent, properties are in foreclosure, a borrower has had a recent bakruptcy or even on occasion when a borrower is currently involved in a bankruptcy.
Capital Assets actively purchases Trust Deed Notes and Contracts. The purchase price and terms are determined on an individual basis after carefuly evaluating the specific merits of each transaction.
Capital Assets originates construction financing, standby commitments, takeouts, bridge loans, and loan term financing for the commercial borrower. The Loan Officer moves expeditiously to arrange financing and attempts to secure the terms of repayment to meet the needs of the borrower and the project. Income producing projects such as office complexes, apartments, and office warehouses are the types of projects that are easier to finance. However, strong single purpose loans such as shopping centers, mobile home parks, hotels, theaters, and recreation centers will be considered on an individual basis.
Capital Assets Financial Services has funds available for first mortgages at very competitive rates and terms. Occasionally prospective home owners suffer from special circumstances which make them ineligible in qualifying under the loan underwriting requirements of conventional lenders. Some of these reasons include insufficient earnings, self-employed borrowers, length on the job, and poor credit. Capital Assets understands these problems and has developed the ability to work within these common underwriting problems and others.
A line of credit can be arranged for the commercial borrower where business accounts receivable are used as the collateral. A continuous flow of credit is guaranteed without the pressure and time constraints of renewing short term loans or searching for new sources of credit. Dollars that would otherwise have been tied up in waiting for collection can be put to work immediately. A sizable percentage of receivable can be converted to cash, and interest is charged only on the cash actually used.
