Private Mortgage and Bridge Financing

Fairmont Capital is a nationwide lender for transactions that require private financing. Fairmont Capital is responsive and fast moving to provide a real estate owner with funds collateralized by real property. Private lending is a mortgage niche that is appropriate for real estate owners who need bridge financing for the acquisition of property, real estate construction, repositioning of an asset or for general real estate financing when an intrinsic understanding of the real estate is required.


Speed
Fairmont Capital has the ability to close a loan within 10 days or less. Faced with an acquisition that requires immediate action and a conventional bank financing is no longer an option, private lending can allow a client to fully take advantage of an opportunity and provide necessary financing to close in a timely fashion. Appraisals are typically done in-house speeding up the process dramatically.


Construction Loans
For construction loans, conventional banks will typically lend on a loan-to-cost basis and take 90 days or more to close.  Fairmont Capital lends based on a loan-to-end value basis and can close in 10-14 days.  In addition to saving precious time, Fairmont Capital’s lending formula will regularly result in a larger loan amount.


Interest Rates
Fairmont Capital charges interest rates of 12%-14%, as well as an origination fee of 2 ½ -4% of the total loan amount. In addition to valuable time, the borrower will save on third party reports required by conventional banks such as appraisal, engineering and environmental reports.


Loan to Value
Fairmont Capital will lend up to a loan-to-value of 65%. In a construction project, this can enhance the size of the loan by foreseeing the value added that will be created by the construction project.

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