David Van Waldick’s Post

The Benefits of Bridge Financing in Value-Add Multifamily Real Estate Strategies 1. Speed Bridge loans are known for their speed and efficiency. Traditional lenders like banks often take weeks or even months to approve long-term financing, especially for properties that require extensive renovations. In contrast, bridge loans can be approved and disbursed quickly, often in a matter of days. This rapid access to capital enables investors to move quickly on deals, capitalize on time-sensitive opportunities, and avoid losing out to competitors. For value-add multifamily projects, this speed is essential. When acquiring a distressed or underperforming property, the opportunity to act swiftly can make the difference between securing a deal and missing out. 2. Flexibility in Loan Terms Bridge loans offer more flexible terms compared to traditional financing options. Lenders often evaluate the potential of the property rather than just the borrower’s creditworthiness or the property’s current income, which is especially beneficial for value-add projects. Investors can take on a bridge loan with favorable terms based on their planned improvements and anticipated future property value, rather than being constrained by strict underwriting criteria. The lender will however look for the Borrower to have likekind value add experience. 3. Leverage for Capex Value-add multifamily projects often require significant capital expenditures upfront to make improvements. These improvements—whether they involve upgrading individual units, enhancing amenities, or modernizing the building—can be challenging to finance. Bridge financing provides the necessary funds to carry out these renovations without requiring the investor to tie up a large amount of their own capital. 4. The Ability to Refinance or Exit Strategy Bridge loans are designed with a clear exit strategy in mind. In value-add multifamily deals, the exit strategy typically involves either refinancing the property into a permanent loan or capitalizing on the NOI Growth pushing the exit capiltization rate down for a profitable exit. 5. Improved Cash Flow and Forced Appreciation Through strategic renovations and operational improvements, a value-add multifamily project should result in higher rental income and increased property value. Once the property is stabilized and max rents are achieved, the investor sponsor can refinance into permanent financing and recaptialize the equity. 6. Non-Recourse Financing Many bridge lenders offer non-recourse loans, meaning that the borrower’s personal assets are not at risk if the project goes south. This is particularly attractive for investors who want to limit their personal financial exposure while pursuing value-add opportunities. The CS Organization

𝐄𝐥𝐞𝐯𝐚𝐭𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠 𝐰𝐢𝐭𝐡 𝐖𝐞𝐬𝐭𝐞𝐫𝐧 𝐑𝐞𝐚𝐥𝐭𝐲 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 At Western Realty Finance (WRF), we’re passionate about providing innovative financing solutions that empower developers to achieve their visions. With our LoanStream.ai automated loan submission system, we streamline the loan process—delivering accurate, professional, and lender-ready packages in record time. Our collaboration with Builders Capital showcases how our expertise and technology support groundbreaking projects. Here are three exceptional developments WRF originated, with Builders Capital funding: 1️⃣ Single-Family Home Construction | Laguna Hills, CA Loan Amount: $2.38M Project Details: A 5,000 sq. ft. home featuring fire-resistant, zero net energy-certified construction. Innovation: Leveraging on-site concrete building methods, this project highlights cutting-edge sustainability and resilience. 2️⃣ Detached Homes & Townhouses | Santa Cruz, CA Loan Amount: $40M revolving loan Project Details: Phase 1 of 144 detached homes and townhouses over a three-year timeline. Benefit: Revolving loan structure enables developers to reuse funding as milestones are met. 3️⃣ Luxury Homes Development | Palm Springs, CA Loan Amount: $48M Project Details: 13 luxury, detached homes (4,000–5,000 sq. ft.) in a high-demand market. Creative Financing: Multi-loan option included development equity payoff and 80% LTC, requiring no additional cash equity from borrowers. 𝐇𝐨𝐰 𝐋𝐨𝐚𝐧𝐒𝐭𝐫𝐞𝐚𝐦.𝐚𝐢 𝐒𝐞𝐭𝐬 𝐔𝐬 𝐀𝐩𝐚𝐫𝐭: Auto-Generated Submissions: Detailed, lender-specific packages that highlight project strengths. Time-Saving Technology: Accurate, professional submissions completed in minutes. Market Expertise: Enhanced with real-time data and projections for informed decision-making. Your Next Loan, Simplified: Explore LoanStream and see how WRF supports projects like these with our innovative technology and unmatched expertise. Check out our latest listings and solutions here: www.loanstream.ai __________________________________________ 𝐖𝐡𝐲 𝐂𝐡𝐨𝐨𝐬𝐞 𝐖𝐞𝐬𝐭𝐞𝐫𝐧 𝐑𝐞𝐚𝐥𝐭𝐲 𝐅𝐢𝐧𝐚𝐧𝐜𝐞? Our experience and connections ensure that your project gets the best financial support available. With over 25 years in real estate finance, our principals, David Van Waldick and James Carenza bring 25 years of unmatched expertise and dedication to each project. 𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬: David Van Waldick, Principal/Broker 📧 [email protected] 📞 760-672-0145 James Carenza, Developer Advisor 📧 [email protected] 📞 760-576-5496 𝐖𝐞𝐬𝐭𝐞𝐫𝐧 𝐑𝐞𝐚𝐥𝐭𝐲 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 works closely with experienced residential developers to arrange financing for solid for-sale and for-rent projects. Visit us on the web: https://lnkd.in/giU-Wbtj #ConstructionFinance #LoanStream #WesternRealtyFinance #InnovationInFinance #RealEstateDevelopment #BuildersCapital

NEED MONEY CALL TYRONE YOU TRIED THE REST NOW HIRED THE BEST! Your Diverse and Dynamic Partner in Construction Financing Welcome to the NEW REPUBLIC, FUNDING epitome of construction and real estate financing excellence. We proudly offer a wide array of loan programs, with a keen focus on our most competitive and effective offerings. — Diverse Lending Portfolio with Key Focus Areas - Multifamily Value Add Construction Lending ($1M - $20M): Customized solutions for renovations or expansions of multifamily properties, tailored to project and sponsor specifics. - Ground-Up Construction for Residential ($150K - $1.25M): Ideal for developments in high-cost zones, adaptable for both small and large projects. - Quick and Competitive Loan Programs (Build-to-Rent/Fix-and-Flip): Expedited financing for investors in the fast-paced build-to-rent and fix-and-flip markets. - Condominium Development Loans: Specialized financing for developers transforming multifamily projects into condominiums, tapping into a unique market segment. - Commercial Construction W/ Land Acquisition: Up to 80% Loan-to-Cost financing for significant commercial projects, covering land purchase and soft costs. - Residential Construction and Rehab: Financing covers a high percentage of purchase and rehab costs, up to 70% of the ARV, ideal for residential developers and rehab professionals.

Understanding Infill Construction Financing Infill construction financing is a specialized loan designed for new construction projects, distinct from the financing needed for purchasing existing properties. This type of loan is tailored to meet the unique needs of individuals or businesses embarking on infill construction projects, providing ongoing funding as the construction progresses. How Does Infill Construction Financing Operate? Unlike traditional loans that offer a lump sum upfront, infill construction loans provide continuous funding throughout the construction process. Borrowers can access funds at various stages of the project, typically after inspections are conducted at key milestones. This ensures that the project stays on track and within budget. Eligibility Criteria for Infill Construction Financing Eligibility for infill construction financing varies by lender but generally involves a more comprehensive approval process than standard mortgages. Lenders may require a detailed construction budget, architectural plans, and verification of the borrower’s income, assets, and liabilities. This thorough vetting process ensures that the project is viable and that the borrower can manage the financial responsibilities. Partnering with a Commercial Mortgage Broker At LeSolace, we specialize in finding the best lenders and terms for your infill construction financing needs. Our extensive network of top lenders across Canada allows us to secure competitive interest rates and favorable terms for your project. We are dedicated to making your loan application as robust as possible, ensuring a smooth and successful financing experience. Feel free to reach out if you have any questions or need further assistance with your infill construction project! #InfillConstruction #ConstructionFinancing #CommercialMortgage #NewBuildLoans #CanadaRealEstate #ConstructionLoans #MortgageBroker #RealEstateFinancing #BuildingLoans #ProjectFunding #ConstructionProject #RealEstateDevelopment #CommercialRealEstate #LoanApproval #TopLenders #CompetitiveRates #FinancialPlanning #ConstructionBudget #ArchitecturalPlans #LoanApplication #CanadaMortgages #RealEstateLoans #ConstructionFunding #BuildingProject #InfillDevelopment #MortgageSolutions 😎

😉 Real Estate Financing Options for Your Next Project 😉 If you or a client have a project tbat might need financing, message me! Here's a quick overview of our real estate lending programs: 🌉 Bridge + Renovation Funding ● Term: 12-18 months (with extension options available) ● Property Types: SFR, 2-4 units, and multifamily up to 30 units ● Loan to Cost: Up to 90% ● Rehab/Renovation Financing: Up to 100% ●Closing Time: As fast as two business days with a clear title and appraisal ● No income check, tax returns, or work history required ● Foreign nationals accepted 🏗 Ground-Up Construction 🏗 ● Term: 12-18 months (with extension options available) ● Property Types: SFR, 2-4 units ● Financing: Up to 100% of the construction budget for SFR ● Loan to Cost: Up to 65% on land with approved plans ● No income check, tax returns, or work history required ● Refinancing options into our rental loan program once completed and occupied by a paying tenant 🏢 DSCR Loans 🏢 ● Term: 30-year fixed ● Property Types: SFR, 2-9 units ● Loan to Value: Up to 85% for purchase or 80% for refinance ● Underwriting Period: 2 days or less ● Amortization: Fully amortized, including P&I and tax/insurance escrow ● Minimum Credit Score required 599 ● No income check, tax returns or work history required We provide financing for investors who do not fit our credit boxes. If you have any projects that requiring financing that fit the following, please reach out. 👍 Foreclosure Bailout 👍 Delinquency Acceptable 👍 No FICO Minimum 👍 Mid-Construction Financing 👍 Delayed Purchase Financing If your scenario does not fit our loan criteria, we will explore options and work to get your project financed. #Investors #ROI #Realtor #PrivateLender #Funder #LoanDealer #DecisionMaker

2024 Multifamily Construction Lending We are actively financing construction opportunities particularly for multifamily. The environment we all got comfortable with prior to the climb in treasury’s has been flipped on its head. Working with bank’s has been like pulling teeth between their heavy deposit requirements or the risk averse stance from their credit teams. Most banks have troubled loans on their books, preventing them from making any new loans. So, how are we navigating this? We're finding robust financing avenues primarily through life insurance companies, debt funds, and our FHA lending products. These options typically offer non-recourse loans, prioritize asset quality, and don't require cash deposits. While development experience is valued, the attractiveness of the deal returns is currently taking precedence. The deals we are getting traction on are at an untrended 6% return on cost or higher. Lenders are requiring a margin of at least 75 bps above the prevailing cap rate. The bottom line? There's ample funding available for deals that make financial sense. Below, I’ve shared a quick rundown of current lending terms and the capital providers we're working with. Feel free to reach out if you have any questions or need insights on your next project! #construction #realestate #realestatefinance #commercialrealestate

Ready to rethink financing? Learn how investor-driven strategies are reshaping the future of home building in 2024. #Finance #HomeBuilders

5 Reasons Construction Loans are a Game Changer for Real Estate Projects🏗️ (Savvy investors and builders are turning to this financing option.) 1️⃣ Flexible Funding  Access funds as needed throughout your project timeline—no upfront lump sums. 2️⃣ Interest-Only Payments Keep costs low by paying interest only during construction, so you can focus on the build. 3️⃣ Designed for Custom Projects Tailored financing for unique or evolving projects, unlike traditional mortgages. 4️⃣ Easy Conversion to Permanent Financing Once your project is complete, roll the loan into a permanent mortgage seamlessly. 5️⃣ Build Equity as You Build Increase property value with each phase, boosting your long-term gains. 👉 Learn more about here:  https://lnkd.in/eMyb5fkb #ConstructionLoans #RealEstateInvesting #BuilderFinance #PropertyDevelopment #InvestmentStrategy #RealEstateGrowth #FinancingSolutions

𝐇𝐨𝐰 𝐰𝐞 𝐚𝐫𝐫𝐚𝐧𝐠𝐞𝐝 $𝟑𝟔𝟑 𝐌𝐈𝐋𝐋𝐈𝐎𝐍 𝐢𝐧 𝐜𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐝 𝐩𝐡𝐚𝐬𝐞𝐝 𝐥𝐨𝐚𝐧𝐬 𝐟𝐨𝐫 𝐨𝐮𝐫 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐫𝐬: "10 Steps to a Successful Construction Loan Closing" 1.          Review and Understand the Project: Thoroughly analyze the project's details, as outlined in the cover summary, ensuring a comprehensive understanding of the financials, timelines, and objectives. Our project analytics are derived from 25 years real estate finance experience and direct development. 2.          Prepare a Detailed Proposal: Craft a compelling proposal that includes the loan amount, project details, and financial projections. Emphasize how the project aligns with the lender's interests and criteria. 3.          Select the Right Lender: Choose a national direct lender with a history of financing clients development type. The lender should appreciate the developer’s experience and value. “Bet on the Jockey, not the horse.” 4.          Engage in Clear Communication: Present the loan request in a compelling story with clarity and transparency. This involves discussing the project's strengths, the developer's experience, and the community benefits the project will bring. 5.          Obtain a Term Sheet: Request a term sheet. Ensure that the terms align with the project's needs and the developer's ability to meet those terms. 6.          Negotiate Favorable Terms: Using the term sheet as a starting point, negotiate terms that are favorable yet realistic. Aim for interest rates, loan-to-value ratios, and covenants that are competitive and achievable. 7.          Due Diligence and Underwriting: Collaborate closely with the lender during the underwriting process. Provide all necessary documentation promptly and work together to address any concerns that arise. 8.          Review Loan Documents: Once the underwriting is complete, meticulously review the loan documents on behalf of client to ensure they understand all clauses and implications. Ensure they reflect the negotiated terms and do not impose any conditions that the developer cannot meet. 9.          Finalize and Sign Documents: Coordinate with legal counsel to finalize the documents. Coordinate with escrow and client to sign the loan documents, ensuring that all legal and financial requirements are met. 10.       Close and Fund the Loan: Work with the lender to schedule the closing. After signing, guide the client through the funding process to ensure that the loan is disbursed according to the agreed schedule and move it into loan servicing. _____________________________________ 𝐖𝐞𝐬𝐭𝐞𝐫𝐧 𝐑𝐞𝐚𝐥𝐭𝐲 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 works closely with experienced residential brokers and developers to arrange financing from $5MM - $500MM, for solid for-sale and for-rent projects. Including Single Family Detached, Condos, Townhomes, Apartments and Build to Rent. Contact David Van Waldick / [email protected], or James Carenza / [email protected].

Elevate Construction isn't just a new Rate Money product; it's an Alt Doc lifeline for self-employed Australians seeking to navigate the choppy waters of constructing their dream home or renovation. As Rate Money CEO, Ryan Gair says, “The landscape of private dwelling construction continues to decrease, with approvals at levels unseen since 2013, due to stringent lending criteria and economic headwinds. In response, in partnership with our franchise and referral partner network, we have developed an Alt and Full doc construction loan solution with market-leading interest rates and lower fees for hard-working Australians. A 30-year loan term includes an additional 18 months for construction, a feature that is not typically included by other lenders.” Read more about it in Australian Broker and the link below. https://lnkd.in/d7cwi-jq #elevateconstruction #franchiseopportunity #refferalpartneropportunity #Thehomefortheselfemployed #constructionfinance