RISE TO THE PEAK
H ELPIN G BORROWE R S A N D I N V ESTO R S RE ACH N E W HEI GHTS
TH E PE A K OF A SSE THE BENEFITS OF USING CARSTENSZ CAPITAL • Up to 100% financing of acquisition and construction costs as long as Loan-to-After-Repaired-Value (LARV) is 70% or less • Fast closings – Usually within 7-10 days • Credit challenges and/or low capital assets DO NOT immediately disqualify a borrower • Exceptional customer service • Customer-centric approach with borrowers
Carstensz Capital Partners is a group of residential development and finance entrepreneurs located in the Capital Region. We are a vertically integrated private lender with expertise in all tiers of the residential real estate space to include valuation, development, construction, asset management, disposition, loan origination & servicing, and loss mitigation. Carstensz provides short-term financing for residential real estate development needs from Richmond to Baltimore, with a hyper-focus on the District of Columbia and its nearby cities. Debt facilities provided are typically for renovation and resale, tear down/rebuild, or condominium conversions. Carstensz does not provide residential mortgages for owner-occupation or renter-occupied properties.
E T- B A SE D L EN DIN G THE TERMS OF CARSTENSZ CAPITAL • 6 month term
• Underwriting Fee: $500
• 2 month optional extension (extension fees may apply)
• Loan Administration Fee: $500
• 12% - 14% interest only payments with balloon at term end • 3 to 4 origination points (depending on location and loan amount) *
• Inspection Fee: $100 - $150 / inspection • Legal and Documentation Fees: $1,000
* 5 origination points for loans $150K and under
+
B OR R O WE R C R ITE R I A • Minimum Credit Score of 650 (must provide letter of explanation for lower scores)
• Prior bankruptcy or foreclosures subject to review by Carstensz Capital Partners, but not necessarily a reason to reject a loan
• Minimum of 3 prior development projects completed successfully
• Access to enough capital to support living expenses during development period
• Access to enough capital to complete enough construction for the first loan draw
• Loans are only made to development legal entity in good standing with the county and state of formation
P R OP E RT Y C R ITE R I A • First liens only • Single family renovation, town home/row house renovation, tear down/rebuild, or condominium conversions (no condominium renovations or manufactured homes)
• Loans primarily made based on the After-Repaired Value (ARV) • Construction scope, budget, and schedule must be submitted with application
• Valuations and/or appraisals must be ordered by Carstensz Capital Partners and performed by internal analysts and a third-party
• Properties should be located in or around the Washington, D.C. MSA
W E C A N UN DER WR ITE A ND C LOS E A LOAN IN
10 DAYS * OR LESS
CONTACT US Carstensz Capital Partners, LLC. 1307 Dolley Madison Blvd, #1A McLean, VA 22101
703.595.4081 | lending@carstenszcapital.com
*
As long as developer provides documentation when requested.
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2019