In commercial real estate, acquisition loans are extended to individuals or companies to purchase property, usually with a specific development project in mind. Such loans are typically short-term and can be difficult to procure in times of tight money and high interest rates.
Essex Capital Markets is uniquely equipped to help. Our company may be new, but our professional team has the experience and contacts necessary to land the loan you need in today’s challenging market. We have collaborated with top tier lenders in the commercial real estate sector of every major city in the U.S. And we have the know-how to get the job done as promptly and painlessly as possible.
Finance should be the simplest part of your process, not the hardest. Contact an Essex Capital Markets financing advisor to explore your options.
Loan Amount – $1MM and up.
Term – 1-3 years (mini perm options available on a case-by-case basis).
Max LTV – 75% contingent on asset type and disposition strategy.
Amortization – I/O and 25/30-year options.
Fees – 1-3%.
Recourse – Depending on risk profile, recourse and non-recourse options are available.
Rates – Contact us for current pricing.
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Essex Capital Markets, LLC
2718 W. Roscoe St.
Chicago, IL 60618