We provide commercial real estate financing for acquisitions, refinances, bridge loans, construction and development projects, and specialty-use properties. We have particular experience evaluating nontraditional assets such as golf courses, marinas, RV parks, hospitality properties, and development projects.
Our primary focus is commercial real estate and investment-related transactions. We do not provide traditional consumer residential mortgages.
Our typical commercial transactions range from approximately $500,000 to $20 million, although larger transactions may be considered depending on the project and capital structure.
LTV depends on the property, transaction, borrower, and exit strategy. Most transactions generally fall between 65% and 75% LTV. Certain qualifying transactions may support higher leverage.
Yes. Specialty-use real estate is an important part of our business. We understand that these properties cannot always be evaluated the same way as conventional office, retail, multifamily, or other traditional commercial properties.
Yes. Every transaction requires an appraisal, and the appraisal is always ordered directly by A&J Gulf Blvd Capital. We do not accept borrower-ordered appraisals. This ensures that the appraisal is independent and meets our underwriting requirements.
A&J Gulf Blvd Capital does not require borrowers to pay our origination, processing, or underwriting fees upfront. Those fees can generally be paid from loan proceeds at closing. Borrowers are responsible, however, for the cost of independent third-party reports required for underwriting.
Every transaction requires an appraisal ordered directly by A&J Gulf Blvd Capital. Depending on the property and transaction, additional third-party reports may include a Phase I Environmental Site Assessment, property condition report, engineering report, construction review, feasibility study, or other specialized due-diligence reports. Required third-party costs must be paid before the reports are ordered.
Third-party reports are prepared by independent professionals specifically for the transaction. These professionals must be paid for their work regardless of whether the loan ultimately closes. A&J Gulf Blvd Capital does not advance a borrower's third-party due-diligence expenses.
A&J invests its own time and resources evaluating and underwriting a potential loan. However, independent third-party reports are prepared specifically for the borrower's transaction and are therefore the borrower's responsibility. Requiring borrowers to fund these reports is a standard practice in commercial real estate lending.
Yes. We conduct an initial review of the transaction before requiring the borrower to incur significant third-party expenses. Once we determine that a transaction appears to meet our lending parameters, the required reports are ordered to complete underwriting.
No. A pre-approval or Letter of Intent outlines proposed terms based on the information available at that time. Final approval remains subject to satisfactory underwriting, appraisal, due diligence, title, legal review, and any other conditions stated in the LOI.
Yes. Background reviews of borrowing entities and their principals are a routine part of our commercial underwriting process. Our primary concern is identifying fraud, material misrepresentation, undisclosed financial issues, or other matters that could affect the transaction.
No. We evaluate the circumstances and the transaction as a whole. A public record by itself does not necessarily tell the complete story, and we do not automatically reject a borrower simply because they have experienced business or financial difficulties.
No. Credit is one component of the underwriting process. Commercial lending decisions may also consider collateral value, cash flow, borrower equity, experience, liquidity, guarantor strength, and the proposed exit strategy.
Closing time depends heavily on how quickly we receive complete borrower documentation and third-party reports. Straightforward transactions can move quickly, while specialty-use, construction, development, and other complex transactions generally require additional due diligence.
In many transactions, yes, provided the final loan structure, valuation, and proceeds support them. This is determined during underwriting.
Yes. We welcome relationships with qualified commercial mortgage brokers and intermediaries. Broker compensation should be disclosed and agreed upon before closing.
We evaluate commercial real estate opportunities in multiple states. Availability and loan structure may vary depending on the property type, jurisdiction, and particular transaction.
At minimum, provide the property address, requested loan amount, estimated property value or purchase price, purpose of the loan, existing debt, borrower/entity information, and a brief description of the transaction. For income-producing properties, current operating information should also be provided.
We first determine whether the transaction fits our lending parameters. If it does, we request the necessary documentation, complete preliminary underwriting, establish proposed terms, and identify the third-party reports required to proceed toward final approval and closing.