CLG Hedge Fund, LLC provides real estate financing through a one-stop lending program designed for income properties, construction, raw land acquisition and development loans.
Loan Amounts: $20 - $850 million
Loan Term: 2 – 6 years
Recourse: Typically, most deals are recourse deals.
Prepayment: Loans generally may be prepaid at any time after 2 years without penalty. Prepayment penalties may be required for shorter terms.
Loan to Value: Loan amounts can be up to 75% of the Bank’s approved appraised value.
Loan Rates: Rates start at approximately Wall Street Journal Prime + 2% depending on the collateral type and risk. Loans are generally interest only and highly leveraged loans may contain an equity kicker or additional fees.
Origination Fee: Typically one percent
Commitment Fee: Typically one percent
Loan Collateral: Real estate assets. We specialize in land, land development loans and other property types (e.g., hotels and special purpose properties) whose special circumstances disqualify them from lowest-rate financing. We also provide “bridge loans” on traditional multi-family, retail and office properties that need to be “turned-around” before they can qualify for conventional loan underwriting.
Quick Response: CLG has in-house staff for most preliminary market, engineering, and legal reviews, allowing us to quickly quote specific loan terms based on information provided in the loan request.
One-Stop Shopping: CLG originates loans for its own portfolio so the borrower saves time and money dealing with one lender and one set of due diligence and closing personnel.
Loan Flexibility: CLG will strive to tailor a loan structure to fit your deal, unlike so many other institutions that require your deal to fit their structure.