 |
|
 |
 |
 |
 |
|
 |
  Commercial loan clients insist that the most important concerns for them are time, money and service quality. To learn about our quality services and how these services can save you time and money, please read below or contact us right away.
1. What are the minimum and maximum loan amounts I can obtain? 1. What are the minimum and maximum loan amounts I can obtain?
Arima Capital specializes in securing commercial real estate loans ranging from $500,000 to $10 million. However, on a case-by-case basis, we will consider commercial loan clients whose real estate financing needs fall above or below this range. 2. Does working with Arima Capital decrease my cost of financing?
Commercial loan clients typically do not incur additional financing costs when they use Arima Capital to manage their loan transactions. Instead, they usually gain cost savings. It is important to understand Arima Capital’s role. First, Arima Capital helps clients assess and convey the merits of their real estate project from the perspective of a commercial lender. Then Arima Capital presents the project to a number of qualified lenders, which enables us to gauge the rates and terms the market will sustain. Most commercial lenders are willing to reduce their origination and processing fees when they have an efficient intermediary—such as Arima Capital—expediting the loan acquisition process. Thus, Arima Capital can obtain compensation for its services while reducing the cost—and, more importantly, the time and effort—needed to complete the commercial debt financing transaction. 3. How is using Arima Capital different from going directly to a bank?
Arima Capital represents you—the borrower. Our responsibility is to help you obtain the loans you want at the best rates and terms possible.
Approved lending programs and underwriting requirements limit what banks can and cannot do for a borrower. Arima Capital is free to consider as many real estate financing alternatives as may be required to meet each client’s needs and circumstances. Banks are also limited by quotas and portfolio guidelines imposed by their management. As a result, banks sometimes reject borrowers because of quota requirements and not because of the merits of the borrower’s project. Arima Capital is not constrained by these factors. We are free to deal with as many funding sources as we choose.
On another note, a borrower’s objective (minimizing cost) is usually adverse to that of a bank (maximizing profits). Therefore, in the absence of competition from other lenders, banks typically attempt to push the envelope on the rates, fees and terms they offer to commercial borrowers. Arima Capital tilts the scales in favor of the borrower by reminding the lender that our commercial loan clients have alternatives. When banks obtain commitments from their commercial loan clients, banks tend to place borrowers in queue and offer little or no assistance in expediting the loan closing process. On the contrary, Arima Capital takes a hands-on approach to ensure that the loan acquisition process is completed as quickly and efficiently as possible. 4. How can I become a client of Arima Capital?
To become a client of Arima Capital, simply call us toll-free at 1-888-ARIMA123 (1-888-274-6212) or at 202-204-3075 (for local callers). You can also email us at info@arimacapital.com and request a no-obligation loan consultation. You can also complete and submit the on-line Preliminary Commercial Loan Application and we will contact you within 48 hours. We will assess your real estate financing needs by conducting a preliminary interview that lasts less than fifteen minutes. Once we are comfortable in our ability to help you (and you are comfortable in your decision to work with Arima Capital), we write up the scope of work and send it to you for your approval. Based on the scope of work, we prepare the necessary agreements and present them for your endorsement. When we receive the executed agreements from you, we begin working on your loan immediately. 5. How does Arima Capital secure lenders for clients?
A growing number of local and national lenders rely on Arima Capital for a steady flow of qualified borrowers. Our principals have relationships with commercial real estate lenders that span more than a decade. These relationships give real estate funding sources the confidence they need to be decisive about the borrowers Arima Capital represents. Additionally, through our business development efforts, Arima Capital is able to reduce the customer acquisition costs for commercial lenders who deal with our company. These lenders are therefore eager to do business with Arima Capital.
One of the biggest challenges real estate lenders face is that of finding eligible borrowers with viable projects. Our relationships with local commercial lenders are vital to our clients’ success because these lenders know the markets in which they lend and are able to evaluate real estate projects and make financing decisions quickly. On the other hand, our relationships with commercial lenders from other parts of the country can also help to reduce financing costs for Arima Capital’s clients. These out-of-town lenders are often eager to enter new markets; however, they have no marketing activities in those new geographic areas. That’s where Arima Capital comes in. We are constantly looking for lenders who want to enter our service area (the Greater Washington, D.C. Metropolitan area). In short, commercial lenders throughout the nation choose Arima Capital because we are a viable source of real estate transactions for them. 6. How do I qualify for a commercial loan?
In the commercial real estate financing arena, lenders consider characteristics of the real estate project and the actual borrower/guarantor. Loan-to-value (LTV) ratio is the total loan amount expressed as a percentage of (divided by) the appraised value of the project. LTVs range from 70% to 80% in most cases, but may be outside those limits depending on the experience and financial strength of the borrower. Some lenders use the loan-to-cost ratio (loan amount as a percentage of the total project cost) to set the loan ceiling. Borrowers (or their investors) put up the difference in cash. For income-producing real estate projects, commercial lenders usually require that net operating income be at least 1.20 times the total debt service (principal plus interest). Arima Capital can help you assess whether or not your project meets the typical LTV, LTC or cash flow requirements of commercial lenders. 7. How long does the loan acquisition process take from start to finish?
Depending on the circumstances, commercial real estate loans can take anywhere from 30 to 90 days to close (and often they take much longer). Arima Capital sets a target of 45 to 60 days—and is usually able to close loans for our clients within that time. 8. What is my (the borrower’s) role in the loan acquisition process?
As a borrower, your job is to provide the necessary information in a timely manner, so that you do not stall the loan process. Some of the documentation you may be required to provide include: financial information about the borrower and the guarantors (if applicable), a real estate project summary, market analysis of your project, industry analysis pertaining to your project, a well-written business plan, experience and qualifications of the management team, architectural renderings and a host of other information. Arima Capital can help you complete the documentation and meet the requirements of the commercial lender in a timely and cost-efficient manner. 9. What are the advantages of using Arima Capital as my commercial loan broker?
When you use Arima Capital as your commercial loan broker, you get several benefits,
including:
10. When do I have to pay for Arima Capital’s services?
Payment of the commercial loan services fee (which is an agreed-upon percentage of the total loan) is due at closing. For our consulting services (e.g. analysis and planning) that are delivered upon the borrower’s request, timely payments are due in accordance with our service agreement.
|
 |
|
 HOME | ABOUT US | SERVICES | CLIENTS | CONTACT US | TERMS OF USE | PRIVACY POLICY | SITE MAP |
|