FAST . CREATIVE . DEPENDABLE
Bridge Loans from $3M – $100M+ in CA
Over $2 Billion Funded
Hankey Capital is a private direct lender originating bridge financing in the 3 million to 100+ million dollar range secured by real estate located in California. We specialize in time-sensitive and value-added deals underserved by banks and other traditional capital sources. In addition, Hankey Capital offers structured finance solutions (including Debtor in Possession financing), totaling over $500 million in recent deals. Currently, Hankey Capital has over $850 million in loans on its balance sheet.
Parent company Hankey Investment Company owns over a million square feet of commercial property and 500,000 square feet of urban development land in Southern California, currently valued at over $1 billion. Both Hankey Capital and Hankey Investment Company are members of the Hankey Group of Companies, headed by Don Hankey, Chairman. The Hankey Group of Companies comprise seven primary operating companies totaling over $9.5 billion in assets and over 2,800 employees, encompassing the automotive, automotive finance, insurance, real estate, and technology industries.
|Amount||$3M to $100M|
|Rate||starting at 7.0% (interest only)|
|Points||0.5% - 2.0% (no exit fee)|
|Location||Coastal and urban metro submarkets of California|
|LTV / LTC||up to 85% LTV / LTC|
|Purpose||Acquisition, Refinance, Development, DPO, Note Purchase|
|Collateral||Land (Entitled, Unentitled), Hotel, Office, Retail, Industrial, Multifamily, SFR (NOO)|
|Term||6 months to 36 months|
|Prepay||Allowed, Fee May Apply; No Yield Maintenance|
|Closing||No outside legal counsel time or costs|
|Position||First Trust Deed; Subordinate Financing Allowed|