Lending Parameters
We are now funding Debtor in Possession financing (DIP financing). This is a special form of financing granted to companies in financial trouble. Usually these companies are in a Chapter 11 bankruptcy. The unique feature of a DIP loan is that the bankruptcy court usually grants a super-priority status to the new loan. This means that the new loan gets to jump in front of any mezzanine financing and any senior mortgages in the debt stack.
GCV Capital, LLC has substantive experience in these types of projects and can provide DIP financing. Please go to the Contact Us page if you are interested in securing such financing.
Eligible Property Types
Multi-family Apartments
Grocery Anchored Retail Shopping Centers
Mixed Use
CBD Office
Suburban Office
Medical Office
Student Housing
Warehouses / Distribution / Flex
Flagged Hotels
Parking Garage
Self Storage
Condo Unit Inventory Loans
Geography (Tier 1 Markets in US)
Multi-family anywhere in USA
New York City
New York – Metro
Boston
Philadelphia
Washington DC
Atlanta
Austin
Charlotte
Chicago
Dallas
Denver
Houston
Los Angeles
Miami
Memphis
Nashville
Phoenix
Portland
San Diego
San Francisco
Salt Lake City
Seattle
OTHER TIER 1 MARKETS WITH 500,000+
MSA CONSIDERED
All First Mortgages:
Loan / Deal Sizes ($2,000,000 – $30,000,000+)
First Mortgages
Loan to Value Ratio: Up to 75%
Interest Rate: 10 – 14%
Term: 1 – 3 years
Amortization: Interest Only
Recourse: Preferred
Origination Fee: 2 – 3 Points
Exit Fee: None
Extensions: Yes
Extension Fee: 1/2 – 1 Point
Borrowing Entity: Special Purpose Entity
Purchasing Distressed Debt
Loan to Value Ratio: Up to 75%
Interest Rate: TBD
Term: 1 – 5 Years
Amortization: TBD
Recourse: TBD
Origination Fee: 2 – 3 Points
Exit Fee: None
Extensions: Yes
Extension Fee: 1/2 – 1 Point
Borrowing Entity: Special Purpose Entity
Financing Third Parties
Purchasing Distressed Debt
Loan to Value Ratio: Up to 75%
Interest Rate: TBD
Term: 1 – 5 Years
Amortization: TBD
Recourse: TBD
Origination Fee: 2 – 3 Points
Exit Fee: None
Extensions: Yes
Extension Fee: 1/2 – 1 Point
Borrowing Entity: Special Purpose Entity