Quaker State provides business financing for small, moderate and large size businesses where more creative, flexible, and/or aggressive funding is necessary. Quaker State can assist in the following areas of commercial financing:
UP TO 100% FINANCING
| PROJECT TYPES | |
| Real Estate: | Residential Tract Development, Retail, Multi-Family, Office, Industrial, Golf Course- Residential Communities, Senior Housing, Congregate, Assisted Care Facilities, Mixed-Use Developments, Condominiums, Casinos, PUDs, etc. |
| Loan Amount: | $100,000 to $50,000,000 (excluding senior debt) |
| Preferred Return: | 6% - 10% fixed (can accrue) |
| Term: | 1 year interest only – 30 years fixed |
| Profit Participation: | 50%, borrower retains operating control |
| Lender Fee: | Varies on a deal by deal basis (financed at closing from closing proceeds) |
| Region: | Continental United States and limited international projects |
| Timing: | Funding can occur within 60 days |
We are committed to the highest standards of site design and construction to ensure a development’s market acceptance and enduring value. The goal is to create a first class environment through the preservation and enhancement of natural features.
HOTEL, MOTEL AND OTHER INCOME PROPERTY
QSCF can provide financing for qualified income producing properties. Projects must demonstrate verifiable income and expense numbers to support debt.
| PROJECT TYPES: Hotel, Motel, Office Buildings, Shopping Centers, Industrial Parks, and Mini Storage. | |
| Loan Amount: | $250,000 to $50,000,000 |
| Rate: | 5% to 10% fixed |
| Term: | 10-20 years |
| Guarantees: | Recourse and Non-recourse |
| Lender Fee: | Varies on a deal by deal basis |
| Area: | Continental United States |
HARD MONEY LOANS $50,000-$50,000,000
QSCF finances the hard-to-do project and borrowers. We specialize in land development, restaurants, golf courses, bankrupt properties, foreclosures and high-risk situations. The borrower who has an unusual situation which requires capital as quickly as possible is our specialty.
Typical Lending Criteria
| Min./Max. Loan Considered: | $50,000 - $100,000,000 |
| Project Type: | All property types considered, excluding construction loans. Rehab/Renovation Loans are acceptable. |
| Region: | National |
| Collateral: | First Mortgage on subject property and mortgage on additional collateral if necessary. |
Typical Rate and Term
| Interest Rates: | 11% - 16% |
| Closing Points: | 4% - 10% (depending on loan size and quality) |
| Commitment: | Up to 1% with a minimum of $1,500 paid prior to commencement of due diligence. |
| Fee: | Commitment fee credited against closing points. |
| Loan to Value Ratio: | 50% - 65% (greater LTV’s will be considered on a case by case basis) |
| Term: | 1-3 year interest only |
| Personal Guarantees: | Normally required |
| Third Party Reports And Expenses: | Borrower pays for third party reports including appraisals, environmental and engineering, if necessary; as well as closing costs and lenders legal. |
| Timing for closing: | Can close in as little as 10 – 15 business days. |
SMALL CAP. APARTMENT FINANCING
QSCF can provide apartment financing under $2,000,000. We offer competitive rates and quick closings.
| Loan Amount: | $100,000 - $2,000,000 |
| Rate: | 5½ to 10% fixed (ARM is available) |
| Term: | 20 - 30 years |
| Guarantees: | Full Recourse |
| Loan to Value: | Up to 90% LTV |
| Processing Time: | 30 – 45 days |
| Lender Fee: | Varies on a deal by deal basis |
| Area: | Continental United States |
APARTMENT FINANCING
QSCF can provide apartment financing from $2,000,000 and up. The terms and conditions of this financing greatly exceed any comparable financing in the marketplace.
PROJECT TYPES: Apartment buildingsand complexes ONLY. Purchase, refinance, new construction and rehabilitation are eligible.
| Loan Amount: | $2 million and up |
| Rate: | 3.5-6% fixed at time of commitment |
| Guarantees: | All non-recourse (no personal guarantees) |
| Loan to Value: | Up to 90% |
| Processing Time: | Approximately 90 days |
| Lender Fee: | Varies on a deal by deal basis |
| Area: | Continental United States |
| Assumption: | Assumable without cost |
SBA LOANS
Under the SBA 7(a) and 504 Program
NURSING & ASSISTED CARE FACILITIES
This product is similar to the apartment financing.
PROJECT TYPES: Nursing home, assisted care and congregate care facilities ONLY. Purchase, refinance, new construction and rehabilitation are eligible.
| Loan Amount: | $2,000,000 and up |
| Rate: | 3.5% - 6% fixed at time of commitment |
| Term: | 35 – 40 years |
| Guarantees: | All non-recourse (no personal guarantees) |
| Loan to Value: | 85% for purchase or refinance 90% for new construction |
| Lender fee: | Varies on a deal by deal basis |
| Area: | Continental United States |
| Assumption: | Assumable without cost |
CONSTRUCTION FINANCING
| Loan: | $250,000 - $500,000,000 |
| Rates: | Rate is tied to prime + 1-3% |
| Term: | 1-2 years interest only |
| Guarantees: | Required Personally |
| Local to Value: | 70-75% |
| Area: | Continental United State Staged valued |
| Construction draws: | Mutually acceptable to borrower and lender |
LAND LOAN
| Loan Amount: | $250,000 - $50,000,000 |
| Rate: | 12-15% |
| Term: | 1-3 years. Interest Only |
| Guarantees: | Required Personally |
| Loan to Value: | 50% -55% Max LTV |
| Area: | Continental United States |
MEZZANINE LOANS
| Loan Amount: | $1,000,000 – $10,000,000 |
| Rate: | 20 – 25% Cash on Cash Rate of Return |
| Term: | 2 -3 years |
| Guarantees: | Personal Returns are usually required |
| Owners Equity Contribution: | 5 – 10% Equity Contribution from Developer |
| Area: | Continental United States |
ASSET BASED LOANS
| Line Amount: | $250,000 - $20,000,000 |
| Rate: | WSJ Prime + 2% plus servicing fee |
| Term: | one year |
| Guarantees: | Personal Guarantees are usually required |
| Loan to Value: | 80% of eligible Accounts Receivable plus 50% of Inventory |
| Area: | Continental United States |
Copyright 2013. Quaker State Commercial Finance. All rights reserved.
