Bridging the Gaps in Commercial Real Estate Financing

FAQ

Frequently Asked Questions

We are looking to build solid, long-term relationships with companies/individuals that share our high level of professionalism, strong honest business and work ethics as well as a sense of urgency to meet the client’s needs.

Contact Us Today  to discuss your commercial real estate financing needs in more detail.

What Can I Earn From Referred Business?

Typically, Referral Partners (a/k/a Business Partners) earn 50% of the commission, based on:

  • The strength of the deal,
  • The efforts made by the Business Partner to gather the required information and move the deal forward to close,
  • and the LTV needed, etc.

What types of points are charged?

  • Typically between 4 – 5 points
  • Includes compensation for Walker Financial Consulting and Business Partner
  • Business Partner will not be required to get a broker fee agreement with the client unless otherwise required by Business Partners’ state, providence, etc.

What are the types of eligible properties?

  • Commercial Real Estate (almost all commercial real estate asset classes)
    Excluded: Vacant land, rural areas, mobile home parks, single family developments, mines, channels, parking lots
  • LOCATED in United States (except CA/HI) and Canada
  • COLLATERAL REQUIRED can be Commercial Real Estate / Full Recourse Collateral Only Debt Lender. Client must have 25% to 35% “skin in the game.”
  • LOAN TYPES include: Purchase, Refinance, Rehab, Debt Restructuring and Ground up Construction
    Excluded: Business Equity, Joint Venture, Equipment Loans

What fees are associated in doing business with Walker Financial Consulting?

  • Upfront Fees: None
  • At LOI, there will be a fee for the on-site inspection (of which 50% will be refundable)
  • At the time of Commitment, there is a requirement for client to pay legal fees
  • There may be adjustments to these fees made on a case-by-case basis
  • Prepayment Penalty: None

What types of rates are charged?

  • The interest varies between 9% – 12%
  • TERMS: 1 – 3 Years (Interest Only)
  • Rates are based on the strength of the deal
  • Interest Only Loans 

What is the typical LTV?

  • Typical LTV is up to 75%
  • The LTV might be higher if the deal is very solid
  • The 35% equity “skin in the game” can be made up of cash (unaudited), project equity, cross-collateralization of other owned commercial real estate projects and/or seller taking back a 2nd lien.
  • Project must be income producing
  • Principals must have 30% – 35% “skin in the game” for all ground up construction projects

Have you closed Loans?

  • We have many references that can be provided to your clients in both the USA and Canada
  • Verifiable “Recent” closings consist of loans ranging from $5M – $100M (lower minimum for projects in Canada)

Are there any pre-payment penalties?

NO