Popular's staff has been providing innovative Private Capital solutions since 1991!!
Agriculture Loans
· Nationwide with rates at 2.75% floating, 3.95% 5 year, 4.95% 10 year & 5.25% 15 year fixed ·Ranch, Vineyard, Orchard, Farm, Facilities and other income producing land ·LTV’s to 70% and closing in 30-45 days ·Loans sizes from $500K to $20 million ·15 year terms with 25 year amortizations with no prepayment penalties
Distressed Hospitality ·Flagged and non-flagged hospitality acquisition, joint venture, construction or reposition ·Distressed debt negotiation and restructuring ·Target deal size $1 million to $20 million ·Target markets include the U.S. and select International markets Commercial and Multifamily Loans ·Multifamily permanent loans with rates starting at 4.5% ·Rehab loans to 75% LTV with rates starting at 10% ·Closing in 21-45 days ·Loan sizes from $1 million to $20 million Flagged Hotel Loans ·Flagged hotel financing available with rates starting at 4.5% ·Stabilized or unstabilized ·Closing in 30-45 days ·Loan sizes from $1 million to $50 million ·LTV’s to 80% Residential Construction Lines of Credit ·Construction lines to $5 million for ground up and construction completion ·LTC’s to 70% ·Closing in 30 days ·Rates starting at 9.99% for 1-2 year terms Church Loans ·Available nationwide with rates at 4.25% 5 year fixed and 5.3% 10 year fixed ·LTV’s to 75% with amoritzations of 20-25 years ·Closing in 30-45 days ·Loan sizes from $1 million to $20 million Energy, Biofuel and Mining Loans ·Biofuel consulting, debt and private equity ·Joint Venture capital available for new or existing projects ·Closing in 30-45 days ·Loan sizes from $1 million to $50 million ·Equipment and operating lines of credit Joint Venture Development to 100% LTC We have investor capital available for Retail, Office/Medical Office and Industrial projects in major metro areas with a minimum transaction size of $25 million to 100% LTC structured as follows: ·Development management agreement with development fee and back end income ·30-35% equity priced at 10-12% preferred return with debt priced at Libor + 300-400 bsp ·Strong development track record ·Build to suit only with no spec
Hard Money Bridge Loans ·Bridge rates starting at 9% ·Terms from 1-3 years ·Closing in as little as 10 business days ·Loan sizes from $1 million to $20 million ·LTV’s to 75%(higher LTV’s available with Joint Venture capital)
Property Types ·Multifamily and Multifamily rehab ·Hotels and Motels flagged or unflagged ·Retail/Office/Industrial ·RV Park/Mobile Home Park ·Development and Construction ·Senior Care/Adult Care ·Medical and Dental ·Church ·Resort ·AG land including Farm, Vineyard, Orchard and other income producing land We DO NOT lend on single family residences or 1-4 family residences PCLG is a proud sponsor of the International Counsel of Shopping Centers (ICSC) www.icsc.org PCLG is a proud sponsor of the Mortgage Bankers Association (MBA) www.mortgagebankers.org
PCLG named "Best Commercial Lender-Salt Lake City!!
Corporate Office Popular Commercial Lending Group 10808 South River Front Parkway Suite 353 South Jordan, UT 84095 (888)950-9339
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