Penstock
- Michael Gieseke
Rehab Loan | |
| Property Types | 2-4 Units, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 10.5% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 3 |
| Terms | 6 month, 9 months, 1 year |
| Credit Score Min | 680 |
| Lien Position | 1st |
Bridge Loan | |
| Property Types | 2-4 Units, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 10% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 3 |
| Terms | 6 month, 9 months, 1 year |
| Credit Score Min | 680 |
| Lien Position | 1st |
Long Term Commercial Loan | |
| Property Types | Agriculture, Assisted Living, Automotive, Bar, Cannabis Related, Car Wash, Church, Condo, Daycare, Entertainment Venue, Funeral Home, Gas Station, Hotel, Industrial, Land Entitled, Land Non-Entitled, Manufactured Home, Medical Facility, Medical Office, Memory Care, Mixed use, Mobile Home Park, Modular Home, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property, Shopping Center, Skilled Nursing, Special-Use, Strip Center, Student Housing, Warehouse |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 10.5% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 3 |
| Terms | 6 month, 9 months, 1 year |
| Credit Score Min | 680 |
| Lien Position | 1st |
Construction Loan | |
| Property Types | 2-4 Units, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 10.5% |
| Points Minimum 1st TD | 3 |
| Terms | 6 month, 9 months, 1 year |
| Credit Score Min | 680 |
| Lien Position | 1st |
Summary of all Guidelines |
Penstock, supported by nearly 20 years of direct lending experience, is a family company united by a shared vision. Our commitment is to provide a trusted partner for both investors seeking a stronger and more consistent return and borrowers needing a streamlined solution and certainty to finance their next property.
What’s In A Name?
A penstock is a vessel that controls and diverts the flow of water to harness and create energy. We like this as a metaphor for our business because, like a penstock, we draw on the current environment and create improved outcomes for our investors and borrowers wherever they are.
For Borrowers
There’s an emphasis on transparency, efficiency, and flexibility. We openly share and clearly outline process steps to close your loan, we make decisions quickly, and we work with you to find a solution that aligns with your financial goals and specific requirements for your real estate project.
For Investors
We make thoughtful investments that maximize returns while preserving capital by controlling and managing downside risk. We convert your source of investment (i.e. IRA, 401k, savings, stocks, bonds, etc.) into a high-yield and consistent income source through residential and commercial real estate. Income is generated from mortgage-related investments and distributed to you, like a dividend, or reinvested into the Fund to compound your investment.
What sets us apart?
Quality
Our goal is to change the negative reputation that follows much of the private lending industry. We are dedicated to delivering top-quality products and services that meet regulatory standards. We aim for excellence and reliability, fostering consistency in high-quality services throughout the process while exceeding the expectations of our third-party partners.
Trust
Penstock upholds a fiduciary duty to our clients and partners as an investment manager and lender. We prioritize financial well-being, integrity and confidentiality. Our commitment to transparency regarding our strategy, fees and risks builds trust and confidence with our partners that the decisions we make align with their long-term financial goals.
Passion
Our passion for this business is genuine and the driving force behind our mission to create a trusted and performance-based company. Passion is the source for our inspired and thoughtful solutions that deliver higher and more consistent yields with less risk and volatility. We are committed to making a lasting, positive impact on our clients, the industry and the communities we serve.
Penstock is located in Seattle, WA.
These descriptions are limited information and meant for general reference purposes.