Auburn Investment Group

Auburn Investment Group is a boutique financial consulting firm specializing in the placement of collateral-based loans. Our goal is to find portfolio- and agency-lending solutions for clients who don’t necessarily fit into the box of traditional bank lending.  By developing an in depth network of high net worth family offices, AIG LLC has created a competitive edge in the market place allowing us to fund transactions using a true case by case common sense lending approach.   At AIG LLC, we make it our mission to provide hands-on, value-added services to help our clients succeed in this ever-changing real estate environment. Our ingenuity and depth of expertise combined with our extensive contact list is reflected in our ability to underwrite a myriad of unique property types and structures.

 

 

Point of Contact

Mike Federeghi

941-646-5018 Direct

702-241-5557 Cell

mike@auburninvestmentgroup.com

 PRE DEVELOPMENT LAND LOANS

  • NOTE: must be entitled and zoned
  • Location:major markets only (sun belt, east coast, TX)
  • loan size: 3-30 million
  • LTC: 50%
  • Exit: must have solid exit strategies with strong borrowers
  • Rate: 12-15%
  • fees: 3-5%
  • full recourse
  • term: 12 months
  • Interest only

STRETCH FIRST RESIDENTIAL CONSTRUCTION AND REHAB LOANS: 

  • Loan size: 2,000,000-$75,000,000
  • property type: SFR, Condo, townhome, Multi family high and low rise
  • locations: Nationwide
  • LTC: 80%-85%
  • ltv: 65% or less off the ARV
  • rate: 11-12%
  • fee: 2.75-3.5%
  • full recourse
  • 18-24 month term
  • interest only
  • DSCR: 1.25% using 5% vacancy  allowance, 30% expense ratio at 6.5% on a 30 year am
  • time to close: 45 days

USDA B&I LOANS: 

  • NOTE: If the property can debt service the loan amount currently we can fund it as a bridge loan which can convert to USDA once approved)
  • Loan size: $3,000,000-$25,000,000
  • Location: Any USDA zone
  • (send us the address and we can confirm for you) generally these are areas with sub 40K populations
  • Term:25-30 years
  • Amortization: 25-30 years
  • Full recourse
  • Lender fee: 2%
  • USDA Guarantee fee: 2.1%
  • Interest Rate: Prime plus 1.5-2.5%
  • LTC: Up to 75%
    • Collateral: Real estate and equipment only
  • Property Types: All commercial assets (hotel, industrial, retail office, RV park, Marina, special use assets ect
  • Time to close: 60 days if done as bridge and 120 days if done as a normal USDA loan

NON STABILIZED COMMERCIAL LOANS: 

  • NOTE: this is for properties that are partially occupied but not yet stabilized 
  • Loan size: $2,000,000-$50,000,000
  • Location: nationwide
  • Term:2-3 years
  • Amortization: interest only
  • full recourse
  • Lender fee: 2%-4%
  • Interest Rate: 8-12%
  • LTC: Up to 65-75%
  • Property Types: Retail, hotel, office, MF, condo
  • Time to close: 30-45 days