Amerimax Capital

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Some of the most common capital structures used in today's marketplace are as follows. These allow investors the proper route to generate risk-managed profits.

Equity Investor

Equity investment may be in the form of partner, stockholder or member. Experienced property developers enter into transactions where there is the possibility of value enhancement or positive cash flow.

Preferred Equity

In this situation the developer lacks the injection of equity capital required. Therefore a partner is used to bridge the gap between the capital required and the purchase or cost of development. Therefore the structure is so that the investor receives their investment plus a preferred return with a share of profits

Participating Debt

This allows the property to be leveraged up to 90% of the initial cost or 80% of the stabilized value of the property and combined as a second and first mortgage structure. This has similar structures to Mezzanine Debt however there is only one lender.

Developer Agreement

Ownership of the property goes to the investor. A developer agreement binds the developer to a contract to build and manage the asset. Developer receives 20-30% profit return. Developers with no cash equity of their own use this route or those who are inexperienced and wish to reduced the risk factor.

Mezzanine Debt

Mezzanine Debt is a debt that incorporates equity based options. These have warrants with lower priority debts. This type of debt is more like equity than debt, where the debt is usually only of importance in the case of bankruptcy. It is often used to finance acquisitions and buyouts and to prioritize new owners in front of existing owners in the event that a bankruptcy would occur.

Conventional Loan Programs
• 6 Month Variable, 3, 5 and 10 Year Fixed Rates.
• 15-30 Year Amortization's
• Low, Declining Balance Pre-Payment Penalties
• Up to 80% Loan-to-Value
• Conduit, Fannie Mae, Freddie Mac, and Life Co. Loans
• Low Fixed Rates
• Full 30 Year Amortization's
• Yield Maintenance or Defeasance Pre-Payment Penalties
• Up to 90% Loan-to-Value with Mezzanine Financing

Construction and Rehab

• Up to 90% Loan-to-Cost
• Up to 80% Loan-to-Value
• Mini-Perm and Perm Financing Available
• Additional programs
• Interest Only Options
• No Income Verification Available
• Mezzanine Financing
• Apartment Lines of Credit
• Less Than Perfect Credit Welcome
• Creative Financing Options Are Available
• Seller Seconds Accepted
• Credit-Tenant-Lease Financing

Multy-Apartment $200K-$250M

• Amerimax Capital specializes in multi-apartment financing nationwide.
• Loans are available from $200,000 to $250,000,000. We also offer mezzanine financing and cross-collateralisation.

Mezzanine Financing

• Mezzanine Debt is secured by a second mortgage or the assignment of 100% of the borrowers interest in a project – Advances can be up to 90% of required equity.
• Commitments of up to $15m with terms of up to 5 years.
• The interest rate is fixed typically between 8%-11% with an accrual feature.
• Mezzanine Debt is usually used to refinance, recapitalize, reposition or acquire and develop medical buildings, office buildings, skilled nursing facilities or assisted home living communities.
• They are normally structured deals that involved a participation and often an exit fee in order to achieve a target Investment Rate of Return.
• Mezzanine financing available on Apartments and Mobile Home Parks up to 85% Loan-To-Value
• 1.07x Debt Service Coverage Ratio on loans up to $5 million with Mezzanine Note
• Loans available nationwide
• Low Documentation (stated income) program available
• Available for purchases, refinances and cash-out refinances
• Competitive rates for varying Tiers of Property
• Up to 30-year FULL AMORTIZATION
• Up to 80% financing (90% combined LTV with seller second)
• Quick closings, typically within 45-60 days
• No replacement reserve needed.

Hard Money

• Hard Money - $1m-$100m
• 2 Days for Commitment
• As Fast as 5 Days for Closing
• Up to 75% Loan-to-Value Ratio. Loans are normally made for 50-70% of the disposition value of the collateral, based on estimated cash sale price over a 120 day marketing time. For renovation and construction the loan may be based on the improved value, being disbursed in stages.
• Commercial Property Acquisitions & Refinancing
• Development and Construction
• Bank Workouts
• Bankruptcies & Foreclosures
• Loans may be pre-paid at any time without penalty.
• Rates are 9-18% per annum, interest only

1031- Tenants In Common – Tax Deferred Exchange

(Tenant-in-Common) real estate investments enable individuals to acquire a fractional interest in large retail, office, multi-family, or industrial properties. It’s an opportunity to own quality real estate, step away from personal day-to-day property management, and still satisfy 1031 tax-deferred Exchange requirements. You will participate in a proportionate share of the net income, tax shelters, and growth.

Ownership as a Tenant In Common can potentially increase your net cash flow, provide you with substantial tax write-offs, and give you appreciation, all without the time commitments of active property management. The benefits are:

• Tax-Deferral on Capital Gains
• Predictable Monthly Cash Flows
• Reduced Management Concerns
• Low Minimum Investments
• Diversification through:
  o Apartment houses , shopping centers, restaurants
  o Office Buildings (single and multi-tenant properties)
  o Industrial complexes and warehouses
  o Retail shopping malls (single and multi-tenant properties)