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FNM Capital Funding LLC was established in 2008 as a private commercial lender. We offer first mortgages, mezzanine and subordinate loans, and bridge loans. We possess the size and scale to serve as a one-stop lender and seamlessly deliver complex transactions to our clients with a high degree of execution certainty.
With access to multiple sources of financing and an experienced team of loan origination and syndication professionals, we provide customized and creative solutions to borrowers.
Our true core competency is our ability to understand and thoroughly evaluate the intricacies of every deal in detail so as to meet project objectives and minimize costs. This strict discipline has led us to a continued success and differentiates us in today’s competitive lending environment.
Our specialty is our strategy for acquiring distressed debt from insolvent banks and restructuring these notes to yield profit for our investors. The recent turmoil in the credit markets has created a unique opportunity to acquire non-performing loans at a discount. FNM possesses such capability by having acquired a staff of seasoned professionals which include real estate experts, appraisers, negotiators, attorneys, and developers, all of whom are qualified to acquire, design and build, and resell properties in order to convert the distressed debt into a marketable asset.
Our lending parameters are as follows:
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Term – 12 months with an extension option for an additional 12 months
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Lending Area – New York, New Jersey, Connecticut, and Pennsylvania
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Property Type – All commercial properties considered
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Loan Size – $150,000 – $25,000,000
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Interest Rate – 9% – 12%
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Amortization – I/O (Interest Only)
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Loan-to-Value (LTV) – Up to 70% (maximum)
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Origination Fee – 2% (distributed at closing from loan proceeds)
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Closing Terms – Closing in as fast as 5 – 10 business days
