Finally a More Simple Non-Recourse Commercial Real Estate Loan
The Aries Capital team is pleased to announce the launch of LendingCap Commercial, LLC, a new automated mortgage banking platform specializing in non-recourse, permanent and bridge loans from $3 million to $75 million for hotel, multifamily, self storage, retail and other commercial properties nationwide. Read the press release>
LendingCap innovates the non-recourse loan experience, using online automation to reduce the loan processing time. We share this time and cost savings with you, our clients, as credits at closing.
LendingCap will be run by the current Aries Capital team, and will augment Aries Capital’s wide range of commercial real estate financing and investment services to offer commercial real estate owners even more financing power. Aries Chairman and CEO, Neil Freeman, will be Chairman of the new business, and LendingCap founder Rushi Shah will serve as President.
LendingCap will provide five and 10-year, fixed rate, permanent debt for the refinance or acquisition of cash-flowing properties, without the burden of personal guaranties. The assumable loans allow loan-to-value ratios up to 75% and the flexibility to take cash out for other investments. Non-recourse bridge loans from two to five years are also available.
Aries Capital will leverage LendingCap for our clients, and also will continue to provide equity arrangement, mezzanine financing, tax credit advisory and syndication, as well as permanent and bridge financing for more complex transactions.