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In elite group of mortgage professionals at Allstate Funding's SE Regional office (Fort Lauderdale, FL) now offers COMMERCIAL MORTGAGE LOANS for those of our clients who operate in the commercial realm of real estate investing and development.
Call now for a quick synopsis of what we offer and let us move your projects forward to a successful funding.
In a hurry? Please go to the bottom of this page and fill out the on-line inquiry form.
Projects that have successfully been funded or are currently being underwritten through our investment capabilities include:
- Casinos
- Hotels, Resorts
Theme Parks
Mixed Use Properties
Multi-Family Properties
Strip Malls
Construction/Development
Raw Land
- International (off-shore) projects (e.g., telecommunications, infrastructure, factories, food processing plants, hotels, resorts, etc.)
- Foreign National Investors welcome!
And more!
USEFUL DOCUMENTS
Commercial Loan Checklist (download): click here
Commercial Loan Services Group (download): click here
Commercial Loan News from Florida (download): click here
Foreign National Loan Requirements (general): click here
Call now for more information: 800-322-7115 or +1-954-315-3393
(Se habla Español) [NOTE: Brokers protected, always]
Romney Martinez 954-709-0498
(English/Spanish)
Maria Barrabi 754-366-5902
(English/Spanish)
Your inquiry can also be sent to:
Commercial@AllstateFundsLoans.com
Or you may fax it to: 954-315-0288 or 954-315-3394
Please provide the scenario:type of property, location, loan amount requested, time frame for loan funding requested, documentation type (full, stated, etc.), estimated market value, description of tenants (if any) and estimated Income, Expenses and Net Operating Income figures (if known), plus any other relevant information. Thank you.
Important Information
Notes to Know about Commercial Loans
NOTE: Allstate Funding, LLC, does not directly fund commercial loans, but sources investors, institutions, pension funds, trust funds, banks and/or private lenders for specific projects, depending on the project needs and loan structure requirements. We find the investor (lender) programs that match client needs and broker, consult or advise throughout the process to successfully get the loan funded.
Commercial loans generally are straightfoward transactions, like residential loans, but the fundamental elements of the loan, the property and the borrower are all taken into consideration by the lender. Allstate Funding serves as a broker or consultant to facilitate your commercial loan, bringing your loan needs to the attention of qualified funding sources who will evaluate and consider (and ultimately) fund your loan request, if the property and all elements of the transaction meet the lender's criteria or guidelines.
As a borrower, you will be required to comply with all requirements in the loan application process, whether that is a Full Doc, Lite Doc or Stated Doc type of transaction. Additionally, the property must in itself, generally qualify as a commercial loan property by showing that it can "support itself" through the appropriate generation of Net Operating Income (NOI). This is tied to analysis by the lender on the property's Debt Service Coverage Ratio (DSCR), that is the amount of income that the property generates and how much above (or below) the actual carrying costs (operations, management, maintenance, insurance, taxes, utilities, etc.) are of that property. Tied to this analysis, as well, is the Capitalization Rate or interest rate required by the lender to carry the risk(s) associated with a particular property and/or borrower. Click here for more on DSCR
Appraisals for commercial properties are always ordered by the lender, once there is a commitment to make the loan. Specific requirements regarding appraisals are established by the USPAP and/or the FIRREA, as part of federal government standards for consistency and reliability in the appraisal of commercial properties. Environmental Protection Agency (EPA) requirements will also enter into the evaluation of a commercial property, which must be completed prior to funding of your loan.
Maximum LTV's (Loans to Value) and CLTV's (Combined Loans to Value) will vary depending on the project type, property in question, appraised value and most specifically the investor guidelines for that type of property. Examples: a typical loan on Raw Land will have a maximum (C)LTV of 50%, while a strip mall with an adequate DSCR ratio, lease rolls in-hand and other substantiating documents may go as high as 80% or even 90% (C)LTV, in some cases. Do not overestimate the available LTV's on any commercial property loan until you have consulted with us for pricing.
Brokers note: All transactions that transpire as a result of you bringing a client loan scenario to the commercial loan specialists in the Florida office of Allstate Funding will be covered by a co-brokering agreement or other non-circumvent agreement that protects you and your client, as well as Allstate Funding's efforts on behalf of the funded project. We operate on the basis of signed agreements that provide you and your client the benefit of prompt, professional funding for their commercial projects. Everyone involved is taken care of based on a pre-established financial arrangement associated with the consulting, advising and/or co-brokering services that Allstate's commercial specialists provide to you and your client. We work for you and with you, to meet the needs and timeframes of your investors and their project(s).
Call your Allstate Funding commercial loan representative to find out more:
1-800-322-7115 or email us: commercial@allstatefundsloans.com
We look forward to earning your business!
o Commercial Loan Too Small or Too Large!
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