Working with borrowers
Freedom offers a broad range of financing solutions to real estate professionals adding value to $2.5M to $10M projects in the western United States. Build-to-suit financing is offered nationally.
- Project size $2.5–$10M
- Business days to close 10–15
- Repeat borrowers 80%+
How we evaluate a loan.
Understand the business plan first, then custom tailor the financing to meet the plan. To do this, we evaluate five things, in this order.
- 1
The people
Real estate does not create its own value; people create, add to, or diminish its value. We look first to the people, to make sure they are experts in the proposed project and the market area and can back their claims with a demonstrated record of success.
- 2
The credit
Credit is not necessarily a high FICO score. It is the record of what someone does when their luck is down, the tide is against them, or the economy is in overall decline.
- 3
The real estate
Freedom sticks to property types it understands and can value. Its principals have financed thousands of transactions, and they know what works and what does not.
- 4
The business plan
A solid business plan will create value and ensure that there are multiple pathways to success. Freedom structures its loans to make certain the loan will augment the plan.
- 5
Plan A and Plan B
We look for plans from borrowers that have thought through a Plan B and even a Plan C. We structure our loans to ensure we have multiple ways to be repaid.
What we finance.
Freedom manages its fund’s pooled capital and managed accounts for several other firms, so each financing is customized to the client’s objectives.
- Project size
- $2.5M to $10M
- Where
- The western United States, and build-to-suit nationally
- Property types
- Retail, office, medical office, industrial, residential (for-rent and for-sale) and self-storage
- Situations
- Extensive rehabs, repositioning, re-tenanting and ground-up construction
- Capital
- Senior debt, high leverage senior debt, and a single source for debt and equity
- Land
- Short-term land loans, if there is cash flow or Freedom is providing the improvement financing
- Unlikely candidates
- Special purpose buildings, and real estate that is an operating business
Beyond pricing
Pricing is one element in the cost of financing.
- Access Decision-makers are directly accessible and understand your business.
- Speed Requests are handled quickly and efficiently, before and after the loan closing.
- Advice Freedom strives to be a valued advisor to your team.
What that looks like
Ninety percent of cost, with no equity partner.
The rate was higher than the borrower could obtain at a bank. Financing 90% of the capital let the developer control 100% of the project, so upon completion and sale he nets more than he would with a bank and a joint-venture partner.
$3.1M
Construction loan
90%
Of cost financed
15th
Loan together
How it goes, from borrowers.
All testimonials →“After the initial request, loan terms and application were provided in 24 hours.”
Jerry FinkVF Developments “We had a complicated situation and Freedom really took the time to understand us and our goals as well as the project and provided a financial solution that worked for everyone.”
Kathy FriedmannZPD Management “They were extremely forthcoming about their process and timelines, while still hitting a tighter close date on our first transaction.”
Tony FestaTauro Capital Advisors, Inc.
Or reach us directly
26565 Agoura Road, Suite 200, Calabasas, CA 91302