StatesidePrivateCapital.com

GerenTeam Capital, Inc. is DIRECT to hard money lenders.  We do NOT work through broker chains.  The lender we place our clients with "write the checks".

GerenTeam Capital subcontracts for a private investment company that performs hard money loans, buys notes and funds Mergers & Acquisitions. 

The Founder of SP Capital works closely with the Management Team of this company, which is by far the best team he has worked with during his 30 year career in finance!

Specific guidelines for this investment company:

1.  Asset based loans and investments from $1,000,000 to $50,000,000

2.  Asset classes used to protect an invesment, in order of preference:

   a)  real estate      b)  equipement

   c)  intellectual properties     d)  AR

3.  Region:  within the U.S. borders

4.  Rates & ROI:   low to mid-teens

5.  Points:  3 at close + 1 at exit

6.  LTV's:   65%

7.  Term:  2 to 3 years

8.  Workouts, bankruptcies and foreclosures

9.  Character counts more than credit

10. Non-bankable M&A's are a niche of ours

11. JV's considered when partners invest/manage

12. Broker fees protected

13. Will NOT invest in:

   a.  raw land nor remote/rural areas

   b.  new construction nor developments

   c.  start-ups nor unsecured lending

   d.  remote nor crime challenged regions

Hard Money Loans under $1,000,000

GerenTeam Capital has Strategically Controlled Business Agreements (SCBA's) with several hard money lenders throughout the U.S.  Guidelines and Programs include:

1.  real estate collateral required

2.  strong exit strategies required

3.  LTV's:   50% to 65%

4.  Rates:   12% to 18%

5.  Points:   4 to 8

6.  Term:   1 to 3 years

7.  Sometimes credit score driven, but usually based on equity in property

8.  The following "highly challenged" transactions require a rock solid and verifiable exit:  

  a)  raw and entitled land

  b)  impoverished high crime areas

  c)  construction or rehabs

9.  Property rehab loans require:

  a)  borrower must contribute cash

  b)  ability to exit with end financing

  c)  sometimes minimum credit score

  d)  ability to fund 1st phase of work

  e)  request loan product details

10.  No front fees, but after preliminary underwriting warrants a written loan offer, client is responsible for:

  a)  cost of appraisals, BPO's or CMA's ordered by the lender

  b)  lender's legal fees paid before closing takes place

11.  Broker's fees protected

12.  Note purchases considered by some lenders (case by case)