- Presently we are executing loans
- Connecticut
- Maine
- Massachusetts
- New Hampshire
- Vermont
- Rhode Island
- New York
- New Jersey
- Pennsylvania
- Delaware
- Virginia
- Maryland
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in the following States:
Mini-Perm Loans
Un-stabilized properties in today’s rebounding real estate markets can present unique opportunities for investors. Most traditional banks who are willing to lend, have an appetite which is often limited to owner occupied properties, full recourse loans, and renewals for their most valuable existing clients.
BlueCay Capital’s flexible capital pool allows us to fill the large void in the market created by the credit crisis and provides a critical bridge properties stabilized. As a private lender, BlueCay can offer non-recourse loans on un-stabilized properties. Our experienced team offers certainty of delivery on transactions under tight closing deadlines.
•“Lease-Ups” that provide time to get property occupied
•Properties that don’t meet bank underwriting criteria
•Foreclosure purchases
•Discounted payoffs (DPOs)
•Construction loan take-outs
•Cash-out financing
•Opportunistic purchases
•Interim bridge financing
•Refinancing of maturing loans
•Tight closing deadlines
•Properties exiting bankruptcy
•Insufficient cash flow generated by commercial real estate
•Sponsor cash flow or net worth constraints
•Short time frame for repayment
•Partner buyouts
•Repositionings / transitional properties
•Properties owned under a Tenants-in-Common (TIC) structure
•Hard money loans
