Foundation Commercial Real Estate Funding

Summary of all Guidelines
Loan Types	Bridge Loan, Commercial Loan, DSCR Loan, Hard Money Loan, Rehab Loan
Property Types	2-4 Units, Mixed use, Multi Family, SFR
Lendding Area	alabama, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, mississippi, missouri, montana, nebraska, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, ohio, oklahoma, pennsylvania, rhode-island, south-carolina, tennessee, texas, utah, virginia, washington, wisconsin, wyoming
States Excluded	Arizona, Idaho, Maryland, North Dakota, Oregon, Utah, Vermont
Loan amount Minimum	$75,000
Loan amount Maximum	$50,000,000
Interest Rate Minimum	6.75%
Interest Rate Maximum	12%
Points Minimum 1st TD	1
Points Maximum 1st TD	3
Terms	30 years
Credit Score Min	600
Interest Only or Amortized	Interest Only, Amoritzed
LTV Bridge	85
LTC Construction	90
ARV Rehab & Construction	75
LTC Rehab	100
LTV Long Term Rental	80
Personal Guarantee /Recourse Required	Personal Guarantee Required / Recourse, Personal Guarantee Not Required / Non-Recourse
Percentage of Budget Financed - Rehab	100
LTC Percentage of Budget Financed	100

Foundation CREF (“Foundation”) led by real estate finance and investment professionals, Chris Crovatto, John Seeburger, and Patrick McClain. The Foundation team is dedicated to building a fully integrated lending and property acquisition platform for the single-family rental and fix and flip investment community.

Chris and John have worked together for over 20 years building loan origination and underwriting platforms at Bank of America, Heller Financial, GE Capital, GMAC Commercial Mortgage, Capmark, and Babcock & Brown. Together, they have been directly responsible for over $3 billion in loan transactions on properties ranging from single-family homes to complex commercial portfolios totaling hundreds of millions. In recent years, the two have partnered to raise equity capital for and invest in residential and commercial real estate projects and operating companies, including Foundation’s largest shareholder AMIP as well as the Foundation platform. Patrick joined the Leadership team in 2021 to help scale both the Lending and PropertyPortal™ businesses. Patrick has served in a variety of senior leadership roles building operations for GMAC, Atlas Nationwide, Auction.com, and Hubzu.

Chris and John oversee the marketing of all pre-market properties and the origination of all new loans at Foundation. Together with Patrick, they direct an in-house team of experienced transaction coordinators, loan underwriters, and closing specialists who are poised and ready to close your next acquisition or loan fast! You can call Chris or John with your next deal and know that you are speaking to a decision-maker who will ensure that your loan gets the attention and care it deserves: (562) 554-5660.

Foundation Commercial Real Estate Funding is located in Seal Beach, CA. They offer financing for Bridge Loans, Hard Money Loans, Commercial Loans, DSCR Loans and Rehab Loans. The property type they primarily lend against is Multi Family, Mixed use, SFR and 2-4 Units. Their minimum loan amount is $75,000. Their maximum loan amount is $50,000,000. They offer loans for a minimum Term of 1 year. Maximum duration of 30 years. Although rates can change they are typically lending at a minimum rate of 6.75%. Maximum interest rate of 12%. Points charged are deal specific, but historically have charged a minimum of 1. Maximum points charged are 3.

These descriptions are limited information and meant for general reference purposes.