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.
· Partnership disputes.
· Rehabilitation and Renovations.
· Balloon Note Due.
· Bankruptcy Resolutions.
· Debt Restructure.
· Bank Workouts.
· Mortgage Acquisitions.
· Tax Lien Payoff.
· Judgment Payoff.
· 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).
Submit a Loan:
245 Hampshire St
Cambridge, MA 02139