LOAN PROGRAMS
More than any market lender, Money365USA offers customized solutions and certainty of execution for large project owners who seek to capitalize on unique market opportunities. Being closely aligned to the leading associations and brands in the many industrries, we are able to provide tailored loans meet the specific needs of the projects.
Money365USA loan terms are based on the credit worthiness of the borrower and the viability of the project. Our model allows for transparent loan product delivery across all of our partners.
FINANCING
Money365 offers financing from $100mil to $1 billion for qualified project.
-Acquisition
-Refinance
-Discounted Purchase Option (DPO)
-Note Purchase
These loans can be closed in as little as 30 days after all paperwork is submitted, allowing a buyer to quickly acquire and stabilize the property. Whether buying properties or refinancing current debt, a project owner can be confident in Money365's ability to move expeditiously enabling them to close quickly on the transaction and have the capital necessary to complete the renovation or brand conversion.
Transaction Size: $100million to $1Billion
Use of Proceeds: Acquisition, refinance, discounted purchase option or note purchase paired with a recently completed or planned renovation.
Interest Rate: Floating blended rate typically around 10% based on credit review and scope of project
Typical Terms: 10 Years (payment based on a 30 year amortization)
Recourse: Personal and/or corporate guarantees as applicable
Debt Service Coverage Ratio (DSCR) Requirements: Minimum 1.25x at stabilization (typically 2-3 years)
Leverage: Stabilized Loan to Value not to exceed 85%
CONSTRUCTION LOANS
New construction loans are currently available for projects ($100 Milliion to $1 Billion). These loans are generally short term loans, 5 to 7 year terms with the first two years being interest only. After the term expires, owners typically refinance and obtain traditional financing at a lower rate and a 30 year amortization.
Transaction Size: $100 Million to $1 Billion
Use of Proceeds: The development Apartment Complex, High Rise Condominiums, Factories etc.
Interest Rate: LIBOR plus 500bps with a LIBOR floor of 2% (based on credit review & scope of project)
Typical Terms: 5-7 years. Interest only period of 36 months.
Recourse: Personal and/or corporate guarantees.
Debt Service Coverage Ratio (DSCR) Requirements: Minimum 1.25x at stabilization (typically year 3 post opening)
Leverage: Total overall debt on property not to exceed 85 percent of cost or 80 percent of stabilized value