Archway Fund | Direct Bridge Lender for Commercial Real Estate Loans


(woosh) – Hi, I’m Marissa Wilbur. – And I’m Tom Noble. And we lead the debt platform here at Archway Fund. – And I am Bobby Khorshidi,
the principal of Archway Fund. – Archway Fund is a direct lender. We’re located in Los Angeles,
and we lend nationwide. We lend across the major property types, including office, retail, industrial, multi-family and non-occupied residential, in secondary and primary
markets, nationwide. We don’t lend on specialty use properties, such as land, ground-up
construction, hotels, restaurants, skilled nursing facilities, and other types where
the operational business is a large portion of the
value of the real estate. – We lend up to 75% loan-to-value on the as-is value of the property today, but also specialize in
funding tenant improvements and rehab projects where
we can finance a portion of those costs as well. But again, we require a
certificate of occupancy on all of our transactions as we do not lend on land or ground-up construction. – All borrowers are welcome. We can work through a
foreclosure or bankruptcies. We also don’t have any
credit requirements. I would say 99.9% of our
deals are carve-out guarantee, meaning it’s not a personal guarantee. And we have mostly non-recourse. Which means we’re very collateral-focused. And so we can ignore
any past transgressions on the borrowers’ histories, such as bankruptcies, foreclosures. We do run a credit check, just to ensure that there’s
no fraudulent activity in the borrower’s past,
but other than that, our loans are underwritten based on the real estate value itself. – And most of the time, we don’t even require
financials from the borrower. – We don’t necessarily underwrite
to a debt-coverage ratio, and so we can go in and finance properties that have an income
deficiency or are vacant, and build in an interest reserve, as long as we have a clear exit strategy around how are loan can be
taken out in 12 to 24 months. – Archway Fund can close loans
in five to ten business days, which means we can step
in when other lenders have either dropped out at the last minute or can’t facilitate a transaction. This is particularly
helpful when a borrower has earnest or deposit money already deployed on a transaction. At the risk of losing that capital, Archway Fund can step in
and facilitate the financing in order to execute on the transaction. Whether you’re a borrower or a broker, please think of Archway Fund for your next bridge
financing need on all loans above two million dollars
across the major asset classes, such as retail, office, industrial, multi-family, and
non-occupied residential. Our rates start at 7.99 and go up to 10% One to two points in 12 to 24 months. – Either Tom or myself will work with you. We actually work very close together, and we are there from the
start to the very end. – Three years ago we set out to build a best-in-class lending platform. Having spent 20 years in the business as both a lender and a borrower, I drew from my experience
to create a platform that is second to none. When starting Archway Fund,
I realized a few things. Number one, red tape
and too much bureaucracy get in the way of business. Number two, term sheets
have lost their meaning. To increase our execution, we have to do as much due
diligence as we can up front. Number three, if we’re going to charge our borrowers more than banks, we have to service our
borrowers better than the banks. Thank you for watching the video, and we look forward to
doing business with you. I can assure you that you
will be in great hands with Tom and Marissa, and look forward to working with you on many
transactions in the future. (inspiring music)

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