NEBO has developed a relationship with a national lending group willing to provide revolving lines of credit ranging in size from $15 million to $50 million. Most property types are accepted.
Pricing will range from 4.75% to 7.00% over LIBOR and will depend on property type, debt yield and strength of sponsor.
Perfect for sponsors seeking to aggregate smaller assets into portfolios for value add, future refinance or sale.
Advance rates up to the lower of 65% of purchase price or 50% of stabilized value.
Eligible property types:
- Fix and flip SFRs
- All commercial property types are considered. Preferred assets include multifamily, office, retail, and industrial. Mixed use, self storage, hotels and land are eligible
- Non performing/performing notes secured by above properties
Let NEBO Capital guide your transaction through the financing process. Call today.