Avenue Capital Solutions

About Avenue Capital Solutions

Avenue Capital Solutions is a private lender headquartered in Bellevue, WA providing funding throughout the United States. They provide hard money refinancing, hard money loans for commercial properties, and hard money bridge loans. They provide rates starting at 6.5% and loan amounts ranging from $100,000 to $50,000,000 with a maximum LTV of 80%. They make loans on various types of properties, including multi-family, apartments, offices, retail spaces, hotels and motels, storage buildings, senior housing facilities, mixed use, warehouse spaces, industrial buildings, and medical buildings.

Loan Types Offered: Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical

Areas Served: National

Lending Guidelines for Avenue Capital Solutions

Below are the general loan guidelines published on the Avenue Capital Solutions website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Avenue Capital Solutions.

Loan Example 1

Adrian is a business owner in Santa Rosa, CA. He decides to acquire a new office building for his business but he isn't able to get a commercial mortgage from his bank because of his below average FICO score. He turns to Avenue Capital Solutions for a commercial hard money loan to close the transaction. The building is listed for $280,000. Adrian will need to put 20% down, or $56,000, because the lender will fund only 80% of the transaction (the loan to value or "LTV"). This means that the principle amount on the loan is $224,000. The terms of the loan include a 12 month term, a 10% rate of interest, and 3 origination points to be paid by Adrian when the deal is closed. Adrian will pay an origination fee of $6,720 and will then begin to make the monthly payments in the amount of $1,867 ($224,000 principle amount x 10% interest rate / 12 months in a year). He may repay the note whenever he decides to since there is not a pre-payment penalty but he is responsible for the original principle when he concludes the loan.

Loan Example 2

Clara takes out a hard money bridge loan from Avenue Capital Solutions in order to remodel a house to resell in Tacoma, WA. The loan has the following parameters:

$160,000 purchase price
65% loan-to-value (LTV)
6 month term
8% rate of interest
4% origination fee

If Clara succeeds in her goal of a $216,000 sales price, the outcome of the deal will be as follows:

$216,000 sales price
- $104,000 note principle (65% LTV)
- $56,000 cash paid at closing (35% on 65% LTV)
- $4,160 origination fee (4% of the $104,000 principle amount)
- $4,160 interest payments (6 months x 8% interest)
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= $47,680 gross profit (does not include taxes or renovation costs)

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