- Why should I proceed with Onyx Capital?
Onyx Capital has a proven track record, with principals that have financed more
than $5 billion in loans since 1983. As owners of commercial real estate, we understand properties from an owners and lenders perspective. In addition to loan origination, we are experienced in loan servicing, asset management, loan purchases, disposition and acquistion services and equity recapitalization.
- What are your current interest rates?
Interest rates are based on today's 5-year, 10-year or 30-year treasury note/bond
rates plus a "spread" over that rate. The spread is determined by various
factors particular to your loan, including loan to value, debt coverage ratio
asset quality and current market conditions. To discuss current rates, give us a call at 310-442-8400.
- Which types of properties will you make loans on?
At Onyx Capital, we assit clients in obtaining loans for a complete array of property types incluidng multi-family, manufactured housing community, commercial and senior
housing.
- What type of information do I need to provide to close a loan?
Operaing history, a current rent roll, project photographs and a project description will provide the basis to begin your loan process.
- What is your minimum loan size?
Onyx Capital will underwrite your loan request of $1 million and up.
- What reports are required for a loan?
A Property Condition Assessment and Phase I Environmental Site Assessment reports are typically required along with a current MAI Appraisal.
Onyx Capital will assist you in engaging highly qualified engineering, environmental
and appraisal firms specializing in your property type.