Essex Capital is "success fee" based, so there is no other option but to succeed.

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Senior Debt

The Essex principals have arranged all types of senior secured debt capital for clients, but the firm's capital network is deepest in the following financing areas:

  • 1

    Owner occupied real estate (typically office/warehouse or manufacturing buildings)

  • 2

    Investment real estate (retail strip shopping centers, apartment buildings, self storage facilities, assisted living facilities, office buildings, flagged hotels, etc)

  • 3

    Equipment financing

Loan structures vary widely for term financing collateralized by the types of fixed assets listed above. A sampling of characteristics from deals Essex has closed in the past include:

Owner Occupied Real Estate Financing

  • Traditional 70%-80% LTV financing based on appraised value
  • Company performance / debt service coverage important
  • Long term deals available (up to 25 years) at very competitive interest rates
  • Personal guarantee usually required

First mortgage on owner occupied or investment real estate based on collateral value alone

  • Company (tenant) may have had a difficult recent financial operating history
  • Lower LTV (typically 50-65% of appraised value)
  • Often shorter term than traditional real estate financing (between 1-3 years)
  • Interest only payments available
  • No prepayment penalties
  • Personal guarantee usually required

Investment Property Loans

  • Underwriting based on the property cash flow, or Net Operating Income
  • Tenant credit and length of leases considered
  • Principal's personal credit often reviewed

Equipment Financing

  • Loans and leasing products available
  • Types of collateral readily being financed today include yellow iron, fixed assets, vehicles, other
  • Varied terms and pricing depending on owner credit, debt service coverage, etc

Financing Solutions

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