Westcap
Continues to
Close
Competitive
Commercial
Real Estate Loans
WESTCAP offers the ability to obtain loan sizes ranging from $1,000,000 to $200,000,000 nationwide.
WESTCAP provides fixed and floating rate debt programs for a variety of loan terms and purposes including long term permanent loans, short term permanent loans, construction loans, mezzanine loans,
bridge/rehab loans, as well as joint venture equity placement for all types of income properties including:
Multifamily
Senior Housing
Hospitality
Industrial
Office
Medical Office
Retail Self-Storage
Student Housing
WESTCAP serves as a correspondent
to 15 life insurance companies and other sources of capital in order to meet all of our client's financing needs. Most of these correspondent relationships date back over 25 years, including Sun Life of Canada for which we have been the exclusive correspondent in Southern California for almost 30 years.
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- We continue to win a lot of business with our correspondent life companies. Most of these relationships date back to the early 1980's.
- We just received a quote at 4.00% on a full leverage (75-80%) $15 million multifamily loan through our Fannie/Freddie correspondent (one of the largest in the country). Our life companies are beating the agencies on rate on lower leverage multifamily loans, and we have sources ranging from $1,000,000 to $200,000,000.
- Another source just announce a very competitive bridge program for $2,000,000 - $10,000,000 up to 85% LTV.
- We are active with some great construction lenders, construction mezz, bridge for value-add, and some great equity sources as well.
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In her recent testimony before Congress, Janet Yellen indicated that there is a long way to go before unemployment is fixed, going on to state that there are way too many Americans who have given up looking or working part-time, who want full-time employment, and vowed that the FED will continue to stimulate until the underemployment problem is dramatically improved. She was referring to the following:http://www.wnd.com/2014/05/real-jobless-rate-hits-12-4/
This FED stimulus can not last forever, and when it looks like it is going to stop, rates will rise. Your guess is as good as ours on when that will happen.
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WESTCAP CORP
9960 Irvine Center Drive
Irvine, California 92618
949-756-2520
Steve Bridges 949-387-9061
Real Estate Brokers – California Department of Real Estate
Corporate License
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