The New Non-Recourse lending products that Eastern Capital LLC offers do not require a personal guarantee and also offer an extremely streamlined underwriting process.
Atlanta, GA (PRWEB) January 30, 2013
Eastern Capital LLC found online at Eastern-Cap.com, has announced that it is taking a deep interest in watching the commercial sector surpass 2013 growth expectations with the introduction of a radical Non-Recourse Commercial Lending product line. The Non-Recourse lending products that Eastern Capital LLC offers do not require a personal guarantee and also offer an extremely streamlined underwriting process.
Atlanta-based Eastern Capital LLC is focusing on financing warehouses, office buildings, retail properties, apartments, hotels and hospitality projects across the country in various markets. Eastern's new Non-Recourse Funds are available for immediate access. The entire team at Eastern Capital LLC is committed to filling the void left by banks and other lenders who are no longer financing speculative or turnaround commercial real estate projects.
The Board of Directors at Eastern Capital stand behind all of their clients and openly states that Eastern Capital emphasizes “speed of execution, certainty of funding, flexible terms, and absence of personal guaranties,” as the key to meeting borrower’s needs. Eastern Capital will fund income producing properties on a non-recourse basis. Properties can be vacant or partially leased. Borrowers can also access Eastern's unique bridge financing products which allow clients to facilitate property rehabilitation, market repositioning, implementation of tenant leasing and a positive cash flow right out of the gate.
The Board at Eastern Capital recognized the critical need for customized financing while buying and recapitalizing real estate projects during the most recent downturn. They also note that Eastern Capital provides a timely and welcome option for real estate investors, developers, mortgage brokers, and real estate brokers by offering commercial loans that are unavailable elsewhere, especially for vacant buildings, land development, and turnaround projects.
Understanding that most conventional commercial lending programs just wont work in the current economic climate, Eastern Capital is one of the few, if not the only, Commercial Real Estate players who is taking matters into it's own hands by completely restructuring its offerings - and even lowering it's margins in a best-effort attempt to approve as many borrower requests as possible. Even more appealing is the genius of the entire team at Eastern Capital, LLC who works with it's borrowers to not only ensure a smooth initial transaction, but to guarantee that each project completes and launches on or before schedule. It's about long term success - and repeat clients at Eastern Capital LLC.
"Our goal is not to leave the market and enter again when it is safe, nor is it to cherry pick requests by only approving certain types of commercial loans that puts the borrower, in this case our client, in a desperate or vulnerable situation. Passive investors we are not and we will stay active and help those who allow us to help them and help themselves. "
Our respected Board has decided to extend very generous terms and lower the interest rates across the board. "Every resource needed for our borrower to reach a critical rate of return will be made available freely and without limitation. Eastern Capital LLC will remain in the market and grow despite the current financial storm right along with its clients both potential and present. “ says Eastern Capital’s Senior member.
“We have witnessed Eastern Capital facilitate many new commercial real estate projects, when there were simply no other funding options. In this market, that’s very solid - and Eastern Capital continues to win and keep the respect of the industry. “ says the MortgageTrends and RealEstatePro News Editor.
Today’s commercial borrowers have helped to shape the lending programs and new underwriting guidelines that Eastern Capital LLC utilizes to allow it clients commercial real estate projects to fund in record breaking time. Eastern is also quick to point that it also investing heavily into it's own technology and infrastructure, which is paying off very well. This has resulted in lower operating costs, streamlined reporting, much more fluid communications and outstanding client service.
“It's an incredible feeling when a borrower who was at the risk of losing it all is able to do a compete turn around by utilizing one of private commercial loan products. The fact that our programs are now more flexible than ever means that commercial borrowers of all types now have serious chance at success. Our internal staff takes every request seriously up until the day of closing - there is no one more important in our organization than our borrowers and clients." says Eastern Capital's Client Service Manager.
Eastern Capital has also restructured it's bridge loan programs for flexibility on a cross-industry basis. This expanded lending range allows Eastern Capital to penetrate additional markets such as agriculture, specialty manufacturing, equipment, lease buy backs and more. In addition to providing funding for the borrowers or the investors target property, Eastern can provide funding for the operations budget of the project as well. This is a true end to end private funding solution and it's an industry first.
Even better, Eastern Capital LLC plans to expand it’s offerings even further by making several more unique end to end private commercial lending programs available in the near future and by being ahead of the game in regards to it’s technology, make sense underwriting and streamlined due-diligence process.
When it comes to getting a commercial real estate project funded in today’s economy, Eastern Capital is the solution. You can learn more about Eastern Capital at Eastern-Cap.com or by calling (855) 505-0508
About Eastern Capital LLC
Eastern Capital. and its partners is an established portfolio lender for commercial real estate loans offering attractive financing solutions and pricing for unconventional and hard-to-place real estate loans across all 50 states.