At Cohen Commercial Advisors, you get the money fast and Hassle free
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Commercial Loans, Hard Money, Bridge Loans, Mezzanine Debt, Joint Ventures, Land Loans Redevelopment Loans
Our nation's real estate market is extremely diverse with countless types of properties. Special purpose and unique property types may be an insurmountable hurdle to some
lenders but we have the knowledge and experience to clear those hurdles.
  Acquisition, Refinance, and Construction loans Franchise Hotels or non-flagged hotels.
  15-20% Down payment. 10% Seller Carry OK
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About
Construction & Office, Hotel, Apartment
  1. Multi-Family/Apartment Buildings
    Multifamily/Hotel/Apartments/Office
    Whether the loan you are seeking is for acquisition or refinancing, wherever your real estate is located in the United States, Cohen Commercial Equity can determine the best lender and loan to meet your needs. We will tailor loan terms to meet your specific needs and preferences, with the lowest possible closing costs. For multi-family financing, we have loan amounts beginning at $500,000. We work with a variety of lenders capable of delivering the types of long- term, fixed-rate mortgages that are not available from local banks
  2. Retail
    Purchase/Refinance
    From single-tenant, net-leased retail properties to anchored and non- anchored shopping centers, Cohen Commercial Equity will help you achieve your financing goals. We have experience with retail acquisitions, refinancing and development loans. We have available a variety of loan structures for retail properties including 10-year balloon mortgages, long -term fully amortizing loans, and loans with interest only components. Cohen Commercial Equity experience will ensure that you obtain the financing appropriate for your needs. or them.
  3. Land Acquisition & Development Loans
    Broker welcome
    The purchase and development of real estate can be a daunting experience, and acquiring financing for it should not make the task even more challenging. Through our A&D Loan Program, we at USA Mortgage Corp. can handle everything for you at one time and in one place. We are committed to moving quickly in order to keep you on schedule; no matter if your plans involve a single commercial building, an entire commercial development, or a residential community.
  4. Excellent Rates and Terms.
    Call for rates
    Acquisition, Refinance, and Construction loans. Franchise Hotels or non-flagged hotels. 15-20% Down payment. 10% Seller Carry OK
Qualifying Projects (70-100% financing)
Qualifying Projects (70-100% financing): acquisitions, start
ups, company expansions, mergers, new cash infusion, partner
buyouts, operating funds, inventions, research and
development (R&D), bailing out companies in trouble, real
estate developments, hotels, resorts, apartment buildings,
office buildings, mining projects, gas, energy, casinos, 5-Star
Mobile Home Parks (more list below)...FICO IS NOT AN ISSUE.
We accept and will consider ANY PROJECTS, and welcome
DEVELOPERS WHO ARE ON THE VERGE OF BANKRUPTCY more
details (Due to the lender backing out of their commitments).
Loan Amount from 10 Mil.-300 Million. Rate: 4.25% to 8.00%. Minimum Equity: 30%. Points:2-4 USA/CANADA, MEXICO, CARIBBEAN, LATIN AMERICA
Commercial & Apartment Mortgages Nationwide
Cohen Commercial Advisers is a national commercial real estate correspondent  firm offering over 200 programs. In order to bring our clients a wide variety of financial products that can be specifically tailored to their needs, CCA partners with various financial institutions and government-sponsored agency lending platforms including: Banks/Institutional Lenders, Life companies, Hedge Funds, Real Estate Investment Trusts (REITs), Private Lenders, Fannie Mae (FNMA), Freddie Mac (FHLMC), Small Business Administration (SBA), United States Department of Agriculture (USDA), and the Federal Housing Authority division of the Department of Housing and Urban Development (FHA / HUD).
INVESTMENT CONVENTIONAL:  APARTMENT, HOTEL/MOTEL, I/WAREHOUSE, MEDICAL/HEALTHCARE, MIXED USE, OFFICE, RRETAIL, SELF STORAGE MIN LOAN: $1,000,000 LOAN TO VALUE: 80% TERM: 3-15 Years AND AMORTIZED OVER 15-30 Years
Investment - COMMERCIAL MORTGAGE BACK SECURITY-Loan Amount: $2,000,000
Max LTV: 75%, Term Length (Years): 5-10
Amortization (Years): 20-30. TYPES: A = Apartment H/M = Hotel/Motel I/W = Industrial/Warehouse M/H = Medical/Healthcare MU = Mixed Use O = Office R = Retail SS= Self-Storage
Conventional Lenders typically have maximum LTVs of 75-80%, while some lenders can stretch up to 85% in limited circumstances for especially strong borrowers. Borrowers should expect to have “hard cash” equity invested in purchase transactions, while being able to maintain a post-closing liquidity sufficient to service their debt for several months and an overall net worth equal to or greater than the loan amount (although there may be some flexibility). Properties will need to be able meet a DSCR of 1.25-1.55x (depending on the LTV and property type) at the underwriting rate.

Term Length/Amortization: The length of term and amortization depends heavily on the institution providing the funding as well as the property type. Terms can vary from 3-15 years with amortizations ranging from 10-30 years. Depending on the way the loan is structured, it may “balloon” at the end of the term, meaning at the loan balance will need to either be refinanced or paid off; otherwise the loan is self-amortizing, meaning that the loan will be fully paid off when the loan matures, so there is no loan balance to pay off (unless the loan is prepaid before it matures).

Recourse: Conventional loans may be non-recourse, limited recourse, or full recourse loans. If it is non-recourse, the Borrowers are not personally liable for the repayment of the loan and that the collateralized property and its cash flows would be the sole source of repayment of the debt in the event of a default or foreclosure. 
Underwriting Parameters

For CMBS Loans, Conduit Lenders have reverted back to more prudent real estate credit decisions, with a much more conservative attitude towards risk.   Underwritten cash flows are more conservative and based on “in place” income and rents rather than anticipated income or further rent escalations and leases are analyzed with closer scrutiny to ensure market rates. Market vacancies and expense ratios are also taken into consideration.

In addition to more traditional loan to value (LTV) maximums of 75%, and debt service coverage ratios (DSCRs) of at least 1.25x, Lenders are also calculating the anticipated debt yield (net operating income/loan amount) of at least 7-8%.  Additionally, Borrowers should expect to have “hard cash” equity invested in their projects, while being able to maintain a post-closing liquidity of at least 5% of the loan amount and an overall net worth of at least 25% of the loan amount.

Loan Features

Term Length/Amortization. CMBS (Conduit) Loans typically have terms of 5, 7, or 10 years (with 15 years as a rare exception) and 25-30 year amortizations. Part or all of the term may be interest-only depending on market conditions. Because the term doesn’t match the amortization schedule, the loan will “balloon” at the end of the term, meaning that the remaining loan balance will need to either be paid off or refinanced.

Recourse. CMBS (Conduit) Loans are always Non-Recourse, except for what is colloquially termed the “bad-boy carve outs.” What this means is that the Borrowers are not personally liable for the repayment of the loan and that the collateralized property and its cash flows would be the sole source of repayment of the debt in the event of a default or foreclosure. 

Defeasance. With defeasance, the loan is not repaid and the note remains in place, but substitute collateral (typically in the form of bonds or other securities) is arranged by the defeasing firm and replaces the commercial real estate securing the loan so the property can be sold or refinanced.
Investment - Insurance Loan Amount: $1,000,000
Max LTV: 75% .Term Length (Years): 5-30
Amortization (Years): 15-30 Property types: A = Apartment H/M = Hotel/Motel I/W = Industrial/Warehouse MU = Mixed Use O = Office R = Retail
An Insurance Commercial Real Estate Loan is a mortgage that is provided by a life insurance company or conglomerate of life insurance companies and is secured by a first lien position on the subject property being financed. Most life insurance companies favor the “four food groups,” for their collateral (apartment, office, retail, and industrial properties), but may finance other property types (i.e. hotel or mixed used) on a case-by-case basis. These loans are typically best suited for transactions that have strong borrowers with good credit, newer, well-maintained properties, low leverage, and where the collateral is situated in or around a major MSA.

Insurance Loans require a more conservative loan to value (LTV) with maximums for most lenders between 60-75%, and debt service coverage ratios (DSCRs) of at least 1.25-1.35x, Lenders are also calculating the anticipated debt yield (net operating income/loan amount) of at least 8-10%. Additionally, Borrowers should expect to have “hard cash” equity invested in their projects, while being able to maintain a reasonable post-closing liquidity. Prior commercial real estate ownership experience is highly desirable. 

Term Length and Amortization: The length of term and amortization depends heavily on the institution providing the funding as well as the property type. Terms can vary from 5-30 years with amortizations ranging from 15-30 years. 

Loan Assumption: The vast majority of life insurance loans are assumable, typically for a fee. This can occur when the Borrower wants to sell the commercial real estate that secures the loan, and the Purchaser of the property wants to take the loan over.

Prepayment penalty structures vary greatly depending on the insurance company funding the transaction. It may be structured as Yield Maintenance, Breakfunding, Declining (or step-down) prepayment penalty, or may be specially structured to suit a construction or mini-perm loan.
Investment - FHA / HUD Loan Amount: $3,000,000 Max LTV: 83.3% Term Length (Years): 30-40    Amortization (Years): 30-40 Property type: A = Apartment AH = Affordable Housing C = Cooperative H = Hospitals MC= Memory Care SH = Senior Housing SNF= Skilled Nursing Facilities
Multifamily Programs:

FHA’s multifamily program is for the purchase/refinance or construction/rehabilitation of traditional, affordable, senior, cooperative or manufactured housing communities. Properties must be in good condition (for purchase/refinance) and not more than 30-40 years old unless substantially rehabilitated. Borrowers must have previous FHA ownership/management experience if they are managing the property themselves or hire an FHA property manager unless an FHA waiver is attained.

Underwriting Parameters

Multifamily Accelerated Processing (MAP): MAP underwriting is intended to cut the HUD approval time and to assure consistent application of credit standards across all processing offices. This delegates more underwriting responsibility to approved “MAP lenders.” 

Recourse: Loans are always Non-Recourse except for standard carve-out provisions.

Loan Assumptions: FHA Loans are assumable for a 1% fee. Typically this occurs when the Borrower wants to sell the commercial real estate that secures the loan, and the Purchaser of the property wants to take the loan over
Healthcare Programs:

FHA Hospital or Senior Care Loans

FHA facilitates mortgages for hospitals or senior care facilities under its 202, 232 and 242 programs. Collateral is typically any hospital type, memory care facility, skilled nursing facility, or assisted living facility. Maximum leverage is 90% and all mortgages are non-recourse except standard carve-outs.
Loan Type Property Type * Min Loan Amount Max LTV Term Length Amortization
FHA / HUD A, AH, C, H, MC, SH, SNF $3,000,000 83.3% 35-40 Years 35-40 Years
*A = Apartment AH = Affordable Housing C = Cooperative H = Hospitals MC= Memory Care SH = Senior Housing SNF= Skilled Nursing Facilities
USDA Mortgages

USDA guaranteed mortgages can be used for any commercial real estate collateral that is located in a designated rural area (with a population of less than 50,000 people). Maximum LTV is 90% under some programs, but most have a maximum of 80-85%. USDA mortgages are almost always full recourse.

lOAN AMOUNT:  $1,000,000 MAX LTV: 90%

TERM:  5-15  Years  AMORTIZED: 15-30 Years

PROPERTY TYPES:
*A = Apartment H/M = Hotel/Motel I/W = Industrial/Warehouse M/H = Medical/Healthcare MU = Mixed Use O = Office R = Retail SS= Self-Storage


Loan amount from $1,000,000 to $500,000,000

HARD MONEY PROGRAM
HARD MONEY PROGRAM

Qualifying Projects (75-95% financing): acquisitions, startups, company expansions, mergers, new cash infusion, partner buyouts, operating funds, inventions, research and development (R&D), bailing out companies in trouble, realestate developments, hotels, resorts, apartment buildings,office buildings, mining projects, gas, energy, casinos, 5-StarMobile Home Parks (more list below)...FICO IS NOT AN ISSUE.We accept and will consider Strong PROJECTS

HARD MONEY LOANS/LAND/CONSTRUCTION

Up to 90% LTC or 80% of Completed Value
Documentation - Full Doc -
Amortization - 25 years
Bridge Loans - 1 to 5 Years
Appraisal Required
Loans up to $50,000,000
TOP PERFORMING BROKERS CAN EARN UP TP 60% SPLIT ON SELF GEN. LEADS AND  30% SPLIT ON CCA LEADS. CALL TODAY
Commercial loan overview
Cohen Commercial Advisors is a Commercial  loan placement firm that specializes in unconventional 
financing where speed and attention to special circumstances are critical.
Our unique lending program has made Cohen Commercial Advisors  of the Fastest direct, private 
placement providers in the country.
Typical Commercial Real Estate Loan Structure
Minimum Loan Size $1 Million  Maximum 80% LTV
Fixed Rate from 5.85%.  Terms From 5-20 Years  Mezzanine Option to 90%
25 and 30 Year Amortizations  Non-Recourse / Standard Carveouts
No Personal Guarantee Required  Defeasance or YM Prepayment
Typical 2-5 Year Lockout  1.20-1.35 DSCR Requirements
Eligible Property Types:

  • Apartment/Multifamily
  • Hotel
  • Industrial
  • Manufactured Housing Communities
  • Mobile Home Parks
  • Office Building
  • Retail (Anchored -Unanchored-Weak)
  • Self Storage
  • Shopping Center
  • Warehouse
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