Finance
As a part of the Linear Companies, Linear Finance focuses on assisting our clientele, in a consulting and advisory capacity, with their commercial real estate financing needs.
Our Services
- Acquisition Financing
- Construction Financing
- Equity Raising or Joint Venture Opportunities
- Hard Money Loans
- Bridge Loans
Linear Finance will prepare a full due diligence package on each potential transaction before submitting to any financing source. In addition, Linear Finance only sends each client package to a select group of the most appropriate potential financing sources.
Lenders are lending, but they have tightened up the criteria used to grant loans. The current asset classes favored by lenders include: multifamily or apartments, senior living related projects, or pre-leased properties to national quality credit tenants.
Current Multifamily rates for loans in excess of $1MM
70% LTV 80% LTV
5-year fixed | 4.64% 5-year fixed | 4.78%
7-year fixed | 5.12% 7-year fixed | 5.26%
10-year fixed | 5.47% 10-year fixed | 5.61%
Acquisition 80% LTV | Refinance 80% LTV | Cash-out 75% LTV
New Multifamily Rehab-to-Perm Financing Product
- This product can be used for the acquisition or refinance of an existing multifamily property, coupled with the ability to finance minor repair or a gut rehab.
- This product can be used to finance 80% of acquisition and rehab cost of multifamily properties.
- This product is a one-time close and will convert to a permanent loan once the rehab is done and the property is stabilized
Other Services
In addition to being ready to meet your commercial real estate financing needs, Linear Finance understands that our clients sometimes have non-finance raising needs, so we have partnered with two national firms in the areas of commercial loan modification and cost segregation studies.
Commercial Loan Modification
Has your loan matured?
Do you have a balloon note coming due?
If your bank is giving you a hard time regarding your loan, then a commercial loan modification might be needed. Linear Finance has partnered with a national firm that includes lawyers and banking analysts that can help you get a commercial loan modification.
Please visit www.numbers.commercialrelief.com for an explanation of services offered and a no-cost analysis of your situation.
Cost Segregation Studies
A properly produced cost segregation study can help put thousands of dollars into a commercial property owner’s pocket by accelerating depreciation of property assets, thereby reducing their federally taxable income.
A cost segregation study is an engineering-based tax analysis that properly segregates the assets into 5, 7, 15, and 27 ½-year depreciation categories.
Linear Finance has partnered with a national consulting firm that provides cost segregation studies in an IRS-approved manner. The core managers of the consulting firm were formerly with Pricewaterhouse Coopers LLP.
Contact
For more information please contact:
Douglas R Boadway
2640 N Lincoln Ave
Chicago, IL 60614
P: 312-735-3879
F: 708-590-0811
dougb@linearcompanies.com
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