URBAN COYOTE FUNDING bridge and private money

Condo Conversion Loans

We provide both bank and non-tradional (Private/hard money) loans for the acquisition and conversion of multi-family properties to condominiums. Thus, the condo conversion loans.

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Often these deals need to move quickly to acquire distressed property. Hard money/private equity loans are often needed where quick, non bank conforming funding can help to make a deal work.

Our lenders offers immediate results with creative capitalization plans that meet the unique set of financial circumstances of each of our clients.
Through the years we have developed relationships with various investors that range from institutional lenders to private lenders that have allowed us to fund projects that traditional institutions could or would not consider. Commercial real estate transactions have different needs, but , time and money are a large consideration.
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Why Private money or bridge loans?
Private money borrowers are, most often, solid individuals or businesses that have circumstances or opportunities that do not fit well into the rigid structures of long term institutional lenders or banks.. Many of these loans are bridge (short term) situations, used to acquire and stabilize a property or prepare for long term financing or resale. Many times private lending/hard money bridges offer solutions for smaller amounts more flexible terms than banks.

Bank loans for condo conversions?

Banks offer better rates and terms, but typically want principals with proven track records and very strong credit and personal financial strength.

25% down and 65% LTV is the norm for most banks. We offer direct links to banking institutions for this product. Loan minimum is 1 million.