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LENDING PARAMETERS:

Wallace Capital serves a niche segment of the real estate loan market and uses the following parameter for loans:

  • Lending Area: Massachusetts, New Hampshire, Rhode Island, Southern Maine, Eastern Connecticut, Vermont (VT Loans more than $1,000,000 only) ACTIVELY LENDING IN NANTUCKET, CAPE COD & MARTHA’S VINEYARD
  • Loan Size: $200,000 to $20,000,000
  • Collateral Types: Non owner-occupied residential, single family, multifamily, office, retail, industrial, land, hotels, motels, condominium developments, subdivisions and other commercial real estate
  • Interest Rates: 10%-15%
  • Security: 1st or 2nd mortgages and mezzanine debt (partnership interests)
  • Loan to Value: Up to 75%
  • Loan Term: 3-24 months (longer terms accommodated through extensions)
  • Closing Times: 5-10 business days
  • Underwriting: Collateral based lending. Loans are not credit driven.

JOINT VENTURE EQUITY:

Wallace Capital provides joint venture equity capital to qualified real estate investors and sponsors. We invest in existing and to be built real estate projects on a joint venture basis with property owners and real estate developers. Our typical joint venture structure provides for 80-95% of required equity. Once a preferred return is paid, profits are split with the real estate sponsor on an agreed-upon basis. Our joint ventures also pay market fees to sponsors for development and leasing. Contact Wallace Capital for a joint venture proposal in which Wallace Capital provides equity, guarantors, development expertise or some combination of these for new real estate projects.

BRIDGE LOANS

A bridge loan is a short-term loan that “bridges” the gap between today’s need for immediate cash and the final closing of a long term financing, recapitalization or sale.
Bridge loans enable a borrower to complete a purchase or close a transaction in a more timely manner.

MEZZANINE DEBT

We provide loans secured by partnership interests or LLC interests of entities that own real estate.

LOAN TYPES

  • Bridge Financing
  • Foreclosure Workouts
  • Partner Buyouts
  • Unique Acquisition Situations
  • Construction Loans
  • Vacant Building Financing
  • Financing of Discounted Loan Payoff
  • Rehab/Renovations
  • Working Capital Needs
  • Condo Conversion Opportunities
  • DIP (Debtor in Possession) Loans

NOTE ACQUISITION FINANCING:

We finance performing and non-performing note acquisitions or loan purchases.

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