$1,300,000 1st mortgageDIP (Debtor in Possession) Lean on a 75% finished mixed use condo project in Philadelphia, PA.

• Borrower needs funds to finish their project to get it to C of O status. Athas Capital Group worked tirelessly through the 4th of July weekend to raise the $1.3 million needed for this project. By Monday the 5th we had raised $3 million for this project making some of our investors wait in line to get into this opportunity. Athas flew to Philly on the 7th to testify in the Ch11 BK Court proceedings to get our requested loan approved. We are awaiting court approval to close.

  When thinking of DIP financing think of Athas Capital when there is Improved Real Estate involved!!
  

$127,500 1st mortgage on a SFR in Fresno, CA

• Buyer was a Realtor that buys and flips. Great credit but couldn’t prove income. Athas was at Docs in 5 working days!!

$50,000 1st mortgage on a condo in Santa Ana, CA

• Borrower had a condo where the non owner occupancy in the project was too high for Fannie Mae. Athas was there and closed the loan within 10 days!

$50,000 1st mortgage on a condo in Santa Ana, CA

• Borrower had a condo where the non owner occupancy in the project was too high for Fannie Mae. Athas was there and closed the loan within 10 days!

$42,000 1st mortgage on a condo in Santa Ana, CA

• Borrower had a condo where the non owner occupancy in the project was too high for Fannie Mac. Athas was there and closed the loan within 10 days!

$42,000 1st mortgage on a condo in Santa Ana, CA

• Borrower had a condo where the non owner occupancy in the project was too high for Fannie Mac. Athas was there and closed the loan within 10 days!

• This loan was very complex because it was a stalled project halfway through construction. To make matters much worse the borrowers attorney stretched the doc process out over a 3 month period! This file without a doubt took the prize for the hardest deal to get to signing but Athas Capital Group persevered and closed the transaction. We look forward to showcasing this project on our web site so you can follow the progress of this amazing deal. See Project
• View Project Updates Draw 1
• View Project Updates Draw 2
• View Project Updates Draw 3
• Kitchen updates
• Mid Project Inspection
• Draw 4 update
• Pool updates

$240,000 1st mortgage on mixed use property in Los Angeles, CA

• Borrower was in foreclosure with her home. She wanted to take advantage of a discontinued payoff on her commercial rental property. We saw past her credit and believed her story. From LOI to Funding in less than 2 weeks!!
  

$43,000 1st mortgage on a N/O/O condo in Oceanside, CA

• Borrower was in foreclosure on her O/O SFR and needed some cash out to cure her loan. We procured a quick cash out loan with an interest reserve so she did have to make payments while she was marketing her condo for sale in Oceanside. From Application to Funding less than 2 weeks!!
  

$188,000 1st mortgage on a retail store on Bourbon St, New Orleans, LA

• Borrower had his bank loan come due after 10 years. His credit was challenged so he needed a bridge loan until he corrected his credit scores.
  

$225,000 1st mortgage on 6 units in Chicago, IL

• Borrower needed cash out to pay for grandsons law school tuition.
  

$120,000 1st mortgage on a mixed use property in San Leandro, CA

• Borrower was an existing customer that needed a longer term on his note and a little bit of cash out.
  

$192,500 1st mortgage on a SFR in Indio, CA

• Borrower was in need of financing on a reverse mortgage that wall called. N/O/O and listed.
  

$675,000 1st mortgage on a SFR and 2 Units in Los Angeles, CA

• Both properties suffered from deferred maintenance but the borrower had clear exit and just needed to get out of his ballooning current mortgage.
  

$125,000 1st mortgage on multitenant office building in Idaho Falls, ID

• Borrower needed a quick loan to make payroll on a unrelated business. We produced docs and funded in 3 working days.
  

$250,000 1st mortgage on mixed use property in Brooklyn, NY

• Borrower was buying out one partner on property. We were at docs within 5 days after receiving appraisal.
  

$169,000 1st mortgage on an O/O SFR in Los Angeles, CA

• Borrowers were credit challenged with one of them having sub 500 FICO scores! Even though appraisal came in much lower than it was supposed to be we kept the pricing and brought this loan request to a happy ending.
  

$192,500 1st mortgage on a N/O/O SFR that was vacant on Indio, CA

• The out of state borrower was in default and needed to buy some time until she sold her asset. We were there with a 2 year loan with a 1 year interest reserve.
  

$100,000 1st mortgage on a retail building in Burbank, CA

• Borrower had an older on a a little run down retail store, but the borrower proved income and had decent credit

• Borrowers had a 51% occupied project that needed some rehab. Great borrowers and not a bad multifamily project. No one would give them the light of day because of the state in which the collateral was located in.
• View Project update Draw 1
• View Project update Draw 2

• Borrower had a severe challenge with credit but had a great condo owned free & clear! Delivered a clsoing as fast as our Federal Government would allow us to. Another 2 week closing.

• Borrower is buying 6 units in Conneticut and putting a significant amount down towards the purchase price. Good credit, great cash flow, but rough properties.

• Borrower is buying 6 units in Conneticut and putting a significant amount down towards the purchase price. Good credit, great cash flow, but rough properties.

• Borrower had two free and clear commercial properties in MD. One of the buildings needs tenant improvements to get into rentable condition. We crossed both properties.

• Borrower had some credit issues and a very small condo that we had to overcome. However, with his steady job history we were able to make this deal happen and get the borrower what he needed.

• Our borrower had a lower than acceptable FICO score for Fannie Mae, but Athas saw his down payment and the outrageous deal he was getting on the property and found comfort in that. From beginning to end, a 2 week closing. We could have closed this much faster if there wasn't those pesky cool down periods.

• Borrower was a foreign national and had no FICO scores. However, she did have an established corporation in America and the LTV was very low.

• Borrower had mortgage lates and a very low FICO score. He also had great job stability and very good income which helped tremendously on this deal. The property was recently remodeled and is fully rented.

• Yes, we said a "restaurant" in Ohio. borrower was very strong with good credit. Long term tenant that just extended their lease. City-Data in Aroura was spectacular and the LTV was acceptable.

• Borrower was doing some debt consolidation, business investing and property improvements before he put the property on the market for sale. Borrower was credit challenged and it was requested we go stated on the borrower's income.

• Borrowers needed more time from the rehab of her property to get the property stabilized. We were able to get her another 2 years to do so.

• Borrowers had a minor slip up on their rental properties mortgage history but they have since corrected it and all of the payments have been made on time. However, because of that they could get conventional financing. So we gave them a 30 due in 20 term to get around Section 32 restrictions.

• The borrower needed some quick cash out to purchase another property to flip. Great credit, nice property and a very quick closing.

• Even though borrower was putting down 63% of the purchase price, had a 760 FICO and went full doc, he had a devil of a time getting a Fannie Mae loan for the 2 units that were not rented (Bank REO). To add insult to injury they went to multiple “hard money” shops but no one would fund the loan because of its location. That’s so funny because lending in the city is so much safer than lending anywhere else in my humble opinion. They came to us desperate and we had docs in Escrow within 5 days of execution of our LOI and they signed the day after the Federal Mandated cool down period.

• The borrower had some credit issues that we were able to overcome. Borrower provided a good down payment on a nice home.

• Credit Challenged borrower but for a good reason. Descent DSCR...

• Borrower couldn't’t get A Paper loan because of inability to prove pay history on current mortgage. Yes we fund O/O Residential deals!

• Great deal, great borrower and yes we fund retail strip centers even in GA.

• Borrower was getting discounted payoff from his current lender. Small building, small town but good borrower.

• The appraisal on this deal came in lower than expected, however we were able to maintain the loan amount and pricing even though the LTV jumped from 50% to 57% LTV.

• Borrower had a pretty low FICO score of 520 which we had to work around. However, his good job and low LTV made this deal still attractive to us.

• Borrower received avery short term loan from one of our competitors. Knowing he needed to find long term private money, he came to Athas Capital Group to obtain a loan with a 5 year term.

• Borrowers home was appraised for half of what he was convinced it was worth. But even though our LTV went from 30% to 60% we still delivered financing.

• Owned by a family trust and this project has a very "skinny" DSCR.

• This was a refinance with cash out on a project we already funded a year ago. The first time around was to do rehab work on the property. They came to us this time because we were the only ones that could get the job done and get them the cash out they needed.

• This was a 100% Cash Out Deal.

• The Borrower was the developer of the project and needed some cash out on this unit to complete another project he owns and is currently working on.

• Borrower was brought to us as a "light" rehab loan of 4 units. We inspected the property and "boy-oh-boy" was this property in need of a MAJOR rehab. We interviewed the contractor and saw the projects he had worked on in the past. We funded the rehab loan with a 6 month interest reserve and lender withhold for the draw payments. We are very excited to share the progress with you on this deal once work starts. So please come back and see what Athas Capital can do for your project.
  
  
• Project Update Phase 1 of the rehab project!
• Project Update Phase 2 of the rehab project!
• Project Update Phase 3 of the rehab project!
• Project Update Completed Project!
  

• Tough deal, tough state, tough city in this current commercial climate. However, the borrowers were very cooperative and aware of the current market place which aided us in getting this deal closed for them.

• Very simple deal to get done Great Rep, Great Borrower and we funded it with NO appraisal.

• This is a small but well kept property. The borrower needed some cash out for some debt consolidation.

• Borrower was a pro with his buy, fix and rental program. He had a good track record with this kind of collateral.
  

• Athas Capital did not fund this loan with our own money. However, we did have one of our Private Investors fund the transaction. All parties involved were very impressed with the ease of this closing and the timely manner in which it got done.

• This was such a complex deal because of Hawaii law, one of the condos was unfinished and the project had a very complex ownership. Despite all the challenges Athas Capital Group was able to serve up a competitive Bridge Loan from our in house portfolio product. The terms were 11.99% for 24 months, No PrePay, Lender withhold for completion and a partial interest reserve.
  

• 12.9% 30 Due in 18 Months.
• SBA wont give you cash out? Take a Bridge Loan to get that cash out then let us take the Borrower to SBA financing after our Bridge Loan? You get the cash and the SBA Loan.
  

• "Wild Deal" - This scenario started out completely different compared to the reality of where it wound up. That being said, we stuck it out and brought liquidity to these borrowers and we were able to get the deal closed.

• Retail strip centers are very hard to do in this current climate. Add to the facts that the property’s anchor tenant was a restaurant and two of the suites were owner user, a mortgage company and real-estate company with declining income. But the borrowers FICO"S were excellent and property was nice. The loan amount was ALL cash out too boot! Athas procured Bankable financing at 25 year amortization and a rate of 7.25%. Oh, I forgot to add that the building next door had an environmental issue and it affected our property….we work around all the issues to procure the best financing for our client and her Broker!
  

• The Borrower had a problem with the city with regard to a Sub Standard classification which needed to be fixed. However, the borrower was tight on money. So we put together a small loan and fronted him the appraisal cost. As soon as we received the appraisal we funded the loan. This is just another innovative way we can do business.

• Borrower had a vacant N/O/O house that he just rehabbed. He was looking for a little cash out after the project was done.

• Borrower needed cash out to start rehab on 12 units right across the street. Once the work has started and is under way, we will than help the borrower get additional financing to rehab this building.

• This transaction only took 3 weeks to fund from the execution of the LOI. That is with new Appraisal, getting docs out, redrawing docs and two Real Estate agents hounding us every minute.

• Borrowers came to us with a 650 FICO, 1 Mortgage late and they wanted to buy a Condo in Moreno Valley, CA with very little down. We lent them 100% of the purchase price of the condo and crossed one of their Multi-Family buildings to accomplish this transaction. The best part is we were at docs within 5 working days after the execution of our LOI. We funded the next day!!!

• This was a tough deal to close. But we soldiered through the process and got the borrower his cash out that he was looking for.

• Simple request! N/O/O SFR needed some cash out to 55% LTV right???? WRONG! Property was in Palm Desert, CA. and appraised for half of what the borrowers expected it to. Needles to say, our own fund passed on this deal, however the CEO of Athas Capital took this deal personally.

• Title was a nightmare but we were able to work through it and obtain the working capital the Borrower was looking for.

• Borrowers came to us puzzled by how many other lenders would not consider a loan amount this low. However, Athas engaged, packaged and funded this deal in less than 2 weeks.