Aries Launches Automated Non-Recourse Loan Platform LendingCap

October 7, 2015

Aries Capital is pleased to announce the launch of LendingCap Commercial, 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. LendingCap innovates how non-recourse commercial loans are originated, using online automation to reduce the loan processing time. This time and cost savings is shared with the borrower as credits at closing.

“After decades in the lending industry, we’ve developed an intimate knowledge of what borrowers need and want, and we’ve re-engineered the loan process to fulfill unmet needs in today’s marketplace,” said Neil Freeman, Chairman & CEO of Aries Capital. “LendingCap leverages a proprietary technology-based system to automate and streamline the commercial mortgage process, making it easier, more efficient and more cost-effective for borrowers in need of simple, non-recourse financing.”

LendingCap’s online platform is backed by Aries Capital’s 25 years of resources, relationships and experience, including over $5 billion in successful loan closings. Headquartered in Chicago, LendingCap will be led by Freeman and Aries Capital Senior Vice President, Rushi Shah, who will serve as President of LendingCap.

LendingCap’s originators work closely with an extensive network of vetted senior decision-makers at top Wall Street Commercial Mortgage Backed Securities (CMBS) lenders and other institutional investors to offer competitive rates and terms.  LendingCap ensures the strictest service standards are met from beginning to end.  A simple online dashboard allows borrowers, their employees, accountants, originators and underwriters, real-time access to every step in the loan process, resulting in faster closings, which saves time and money.  This savings is shared with the borrower as a credit at closing.

LendingCap benefits borrowers with all levels of non-recourse financing experience, providing 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.

“I’m excited to bring LendingCap to the marketplace, as it lays the foundation of what’s to come in the mortgage industry,” said Shah. “What was once a lengthy and inefficient process for seasoned borrowers will now be a more efficient and less costly experience. Additionally, those new to institutional financing, who felt their only choice was a recourse loan from a local bank, will also now benefit from LendingCap’s competitive financing, faster closings and cost savings.”

More than $1.3 trillion in commercial loan balances will mature between 2016 and 2018, with CMBS representing over $283.8 billion. Rates remain low and property values are high, making the demand for refinance, acquisition and bridge financing strong nationwide.  LendingCap is equipped to meet the growing needs of borrowers and is actively recruiting experienced loan specialists across the country to originate loans through the LendingCap platform. Resumes can be submitted online through LendingCap.

“LendingCap will evolve as we continue to completely overhaul the commercial real estate financing process to become the leader in simplified, lower-cost, non-recourse financing for borrowers nationwide,” added Freeman.