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Website will allow borrowers to learn about Dougherty Virtual Consulting & Management parameters of short-term bridge loans in addition to requesting a loan. Investors can also gain knowledge of the firms Private Lender’s Network program. Continue reading
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Aug 08, 2014 /prREACH/ -- Dougherty Virtual Consulting & Management, a private commercial real estate lender, has launched a new website to meet the time sensitive demands borrowers are looking for in short-term bridge financing.
Dougherty Virtual Consulting & Management are capital providers backed by private banks and various institutions. They provide commercial real estate financing for borrowers in unique situations. Their new website will allow potential borrowers to learn about the lending parameters as well as request a commercial loan. Some types of eligible properties include multi-family apartments, grocery anchored retail shopping centers, student housing, and warehouses.
The company now also funds Debtor in Possession financing (DIP financing). This is a special form of financing granted to companies in financial trouble. The unique feature of a DIP loan is that the bankruptcy court usually grants a super-priority status to the new loan. This means that the new loan gets to jump in front of any mezzanine financing and any senior mortgages in the debt stack. Usually these companies are in a Chapter 11 bankruptcy.
Managing Partner, Frances Dougherty states, “The biggest problem for commercial investors is the funding. Commercial Investors have great deals, but the money to buy them is in short supply. When Investors find income producing properties, they come to us and Dougherty Consulting & Management will put together some sort of debt or equity product to meet their needs."
Dougherty also states that the company’s new website has an area for investors looking to make loans on real estate. The website gives an overview of their Private Lender’s Network (PLN) program. The PLN is setup to fund 1st Position Trust Deeds, also known as mortgage loans. “When an investor becomes a Member of the PLN, they become a “private lender” and gain access to high quality mortgage loan investments through Dougherty Virtual Consulting & Management, Inc.,” says Dougherty.
Core clients of Dougherty Virtual Consulting & Management who have found a business or property to purchase but do not have the funds will be prequalified by assessing 5 key data points. These are: the current net operating income, target net operating income, current debt structure, exit strategy, and sources and uses for funds. Some of the examples that clients have found who are looking for loans include borrowers that have loans coming due or are past due, or projects that have recent vacancy or have recently been rehabilitated.
Dougherty Virtual Consulting & Management is run by Frances Dougherty and her team. Dougherty has a B.A. in Economics from University of Illinois and a M.S. in Information Systems from DePaul University. It is a Chicago, Illinois based company that works with real estate across the United States. They have been around since 2011 with their partners in the business since 2002. The firm participates as a principal in transactions from $2M to $50M, closing over $200 million in transactions over the past 2 years.
Those interested in borrowing or lending with Dougherty Virtual Consulting & Management, should visit their new website www.fldcapital.com or call them at (773)417-6346.