Casten Financial is a direct lender for commercial properties in New England. We provide funds for the non-conforming mortgage market. We specialize in asset-based, short-term commercial mortgage loans for renovation, acquisition, construction, and holding properties until sale, which would not normally qualify for traditional financing.

Types of Loans:

·        Unique situations that make economic sense.
·        Foreclosures.
·        Partnership disputes.
·        Rehabilitation and Renovations.
·        Sale-Leasebacks.
·        Refinancing.
·        Balloon Note Due.
·        Bankruptcy Resolutions.
·        Debt Restructure.
·        Bank Workouts.
·        Mortgage Acquisitions.
·        Tax Lien Payoff.
·        Judgment Payoff.

 Loan Terms:

·        Loan-to-cost of up to 90% (not to exceed 75% of stabilized value).
·        Loan amounts from $100,000 to $2,000,000.
·        Terms from 6 months to 3 years.
·        Interest rates starting at 12%.
·        Interest only loans available.
·        Fees typically starting at 4%.
·        Recourse is negotiable.
·        Prepayment terms are negotiable.
·        Closing time can be as quick as 5 to 7 business days (based on borrower's responsiveness).