Hard Money Lenders - Real Estate Investing and Lending\Loan Solutions

Lending Criteria Summary
CM Capital Services has been originating, underwriting, and servicing real estate loans for over three decades. Our experience provides builders and developers with a reliable lending resource for land acquisition, development, and construction loans.

The advantage of borrowing with CM Capital Services is our ability to rapidly process and fund a loan with reduced paperwork, unlike conventional lenders. Our loans may range from $200,000 to $25 million. The majority of our loans are 6 to 12 month loans with the option to extend on a case by case basis.

We look forward to serving your real estate loan needs!

Commercial Loan Borrower Criteria
Types of Loans
Residential or Commercial | Land Acquisiton, Development, Construction

Bridge Loans
Income producing properties for rehabilitation | Short-term needs while transitioning to a conventional loan

Underwriting Criteria
CM Capital Services generally lends within the following loan-to-value ratio ranges depending upon property type, location and other relevant factors associated with the property.

• Land Acquisition - up to 60% of the appraised value of the land
• Development - up to 65%
• Construction - up to 75%

CM Capital Services prides itself in knowing and understanding our Borrower's needs. We proactively request information not only to better serve our Borrowers, but also to provide Investors with an overview of the Borrowing Entity and strength of the Guarantor(s).

Documentation Requirements
The following are some examples of information required for each loan:

• Detailed description of the loan request
• Exit strategy
• Preliminary Title Report
• Purchase or option agreement for the property
• Documentation for Borrower entity (Articles of Incorporation, Operating Agreement, etc.)
• Current Appraisal of the project
• General liability or hazard insurance
• Current Financial Statements and two most recent tax returns for the Borrower and Guarantor(s)

If applicable:

• Phase I Environmental Report
• Design plans for the project
• Construction cost breakdown
Interest Rates
Depending on the loan type, interest rates typically vary between 8% and 14%.

Points
Points may vary depending on the project. Typically, they may range from 2.0% to 6.0%.

Term
Loan terms are generally between 6 to 12 months. Extensions may be offered subject to additional fees. Longer term loans are considered on the overall project viability and strength of the guarantors.

Personal Guaranty
Personal Guarantor(s) are required on most loans.

Loan Size
Loan size may vary between $200,000 to $25 million.

Geographic Area
We have underwritten loans in the following states: Arizona, California, Idaho, Missouri, Nevada, Oregon, Texas and Utah.
Please do not hesitate to inquire about loans in states other than those mentioned above.

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