Land Rock Funding, LLC
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Our goal is to provide an alternative source of funding for investors, medical professionals, attorneys, businesses and existing commercial property owners who are tired of the rigorous requirements of traditional banks and desire a more flexible and accessible lending criteria. We continually look for innovative ways to enhance our ability to serve clients.
Join us at one of our free seminars to learn more about the industry of commercial real estate and our unique financing options. We are one of the few companies in the industry dedicated to empowering clients with the knowledge they need to make informed decisions.
LandRock Funding is a privately held company headquartered in Decatur, GA and abides by the local, state and federal regulations that govern the banking and financing arena.
Eligible Property Types
We can finance a niche market of property types that traditional lenders wouldn't dare touch:
Multi-Family
Structures containing five or more dwelling units with common area facilities such as entrances, lobby,
elevators, mechanical spaces, walks or grounds. Units must be rented on a non-transient basis and is
consider their permanent residence. Properties that offer weekly or monthly housing would not be
consider multi-family properties.
Mixed-Use
Mixed-use properties must contain one commercial unit (retail, office, etc.) and at least one residential
unit. Common types of mixed-use properties include a ground floor retail or office unit with apartments
above, all within the same building.
Office
Office buildings are buildings desinged for general commercial occupancy and are normally subdivided
into smaller units. Office usually implies a general business use that does not include retail, manufacturing
or warehouse type operations.
Self Storage
Mini-warehouses that are subdivided into a mixture of cubicles of generally small size, designed primarily
to be rented for small self-storage or non-commercial storage and may include some office-living space.
Light Industrial
Light industrial is characterized by a small size facility where no heavy manufacturing or specialized
industrial process takes place. Office space within light industrial ranges from 3% to 25% of the total area.
Buildings must include sufficient plumbing and lighting to accommodate personnel. Common uses found in
light industrial properties may include: cabinet making, assembly processes, home service industries, etc.
Absent from these properties is any type of heavy machinery, welding operations, cranes or hazardous
materials.
Heavy Industrial
Where the principle structure is designed for manufacturing processes, heavy assembly or involves the
use of heavy machinery. It contains an average amount of office space commensurate with the quality of
the building and the intended use. Their heavy frames, walls and floors, specialized manufacturing
processes and power or utility-service characterize industrial facilities.
Mobile Home Park
Mobile home parks vary in quality and amenities and will be considered as long as not more than 25%
of the total spaces are used for RV.
RV Park
RV parks are those that are designed for recreational vehicles. May include mobile home pad rentals but
will be considered an RV park if 25% or more of total park is for RV. Transient type occupancy is
common.
Flagged Hotel
Hotels with national franchise affiliation. Must be in good standing with their affiliated franchise.
Unflagged Hotel
Hotels or motel properties with no national franchise affiliation. “Mom & Pop” style operators typically run
these types of facilities and the quality and level of service varies.
Bed & Breakfast
Bed and Breakfast inns are residential-type buildings designed for transient boarding and are family style
in character. B&B inns are usually one structure but some may include an adjacent guest cottage with
similar quality amenities as the main unit. Owner operators live on-site, usually within the main building.
Rooming House
Rooming houses are similar to that of multifamily but the nature of the occupancy is more transient.
Roomsare rented on a daily, weekly or monthly basis and usually only include a bedroom. The residents
share the bathroom and the kitchen. Rent paid usually includes all utilities and units may be furnished.
Most rooming house properties contain less than 20 units.
Day Care
Day Care Centers are early childhood, handicapped, adult, and senior care facilities; or developmental
centers, such as kindergartens, nurseries or children’s preschools. They have light kitchen facilities,
activity rooms and multiple restrooms, and are more residential in character than schools.
Automotive
Automotive is a somewhat broad category and encompass a variety of uses that support the automotive
segment. Included within this category are auto repair shops, used car lots, quick-lube facilities, tire repair
shops, etc. The type and size of building will vary with the use. Many buildings are designed specifically
for the auto trade characterized by overhead doors, car lifts and usually a small office area.
Restaurant
Restaurants are constructed for the purpose of preparation and sale of food and/or beverages, which
include cafeterias, bars, and taverns, where design is of restaurant type.
Health Care
Included in this category are all Assisted Living or Nursing Home types of operations where a license is required to operate the business. Quality and service levels vary considerably. Also included in this category are hospitals and medical treatment facilities, such as out patient care or walk-in emergency medicine.
Retail
Retail buildings are designed for retail sales and display and usually have display or decorative fronts.
This retail classification encompasses a wide variety of uses including, but not limited to: markets, convenience stores, drugstores, department stores, big box retailers, barber shops, laundromats, etc.
Warehouse
Warehouse buildings are designed primarily for storage purposes. An amount of office space included is usually commensurate with the quality of the building but typically ranges from 3% to 12% of the total area. Plumbing and ighting are usually limited due to anticipated light personnel load. The design of the building usually includes a light frame with large open interior areas. Cold storage and transit warehouses (truck terminal) are included.
Funeral Home
Funeral homes include those used for viewing purposes as well as those that include embalming services.
Gas Stations
Gas stations are automotive properties or any other property that dispenses any amount of fuel for retail sale. They may have an auto mechanic, convenience store and / or car wash component.
Land
Improved or unimproved land lots and acreage.
Program Overview
Standardized programs for purchases, refi's and special purpose transactions. No loan committees; QUICK PRE-APPROVALS. FLEXIBLE TERMS. FAST CLOSINGS This product offer clients the lowest permanent fixed rates for acquisition or refinance of stabilized Highlights and Terms This is a true no documentation loan for multi-family, mixed-use, retail, office and light industrial properties. Highlights and Terms ** Includes a max 80% LTV from Lender for purchases only. Both loan must meet minimum debt service A Mezz Loan is a 2nd mortgage (similar to a HELOC) put in place to ensure the borrower doesn't fall Highlights and Terms A short-term “asset-based” commercial loan that is loan-to-value or equity driven. Great product for Highlights and Terms
pre-approvals within 48 hours; closings within 30-45 days. Whether self employed; experienced or
inexperienced borrower; less than perfect credit or little money down, we can provide consistent
and reliable access to funding.
Click one of the links below to get more information on our loan programs:
Small Balance Conduit
income producing properties because the homogenous nature of these loans facilitates securitization.
Unlike other commercial conduit lenders, LandRock focuses on smaller transactions, under $5 million,
making capital market financing available and affordable to borrowers.
(Multi-Family and Mixed-Use)
(Office, Retail and Light Industrial)
(Multi-Family and Mixed-Use)
(Office, Retail and Light Industrial)
Year Fixed Rates
No Doc Commercial
No disclosure of income, employment or assets of the borrower's principal. A great product for
self-employed investors and business owners who are not able to document income or
employment history.
coverage to qualify. 75% CLTV for refinance transactions. Available in select markets only! Mezzanine Option
short of their required mortgage loan amount. Our mezzanine option enable clients to receive fast,
simple and reliable subordinate financing, without burdening the seller with carrying a 2nd mortgage note.
Bridge Loan
time sensitive transactions or credit challenged borrowers where conventional financing is unavailable.
Ideal for the acquisition or refinance of non-conforming commercial property, raw or vacant land,
construction, rehab and development projects.
Commercial Mortgages Made Easy
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Investors, business and property owners everywhere can now finance multi-family and commercial properties with ease! Regardless of the property type, loan-to-value or cash-out requirements, LandRock Funding is your trusted and reliable source for commercial real estate financing.
Commercial Real Estate is the most vital aspect of the US economy today. Due to the slow down in the residential real estate market, we are seeing an increase in rental and lease income for multi-family and mixed use properties. Many investors are trying to seize the opportunity to refinance or invest in commercial real estate because of this increased cash flow, appreciation and tax advantages.
However, all the "red tape" involved with obtaining financing through traditional lending sources pose overwhelming challenges for borrowers. Many of whom have seen their loan requests turned down by traditional lenders because of the following:
LandRock Funding is able to resolve these problems and give borrowers quicker access to the funding they need. As a result of our streamlined underwriting process, we are able to offer more flexible loan terms (ex. interest only; 2, 3, 5, 7 and 10 year fixed terms with 30 year amortization) and closings within 30-45 days. Compare that to your local bank or S&L institution that takes up 90 to 120 days to close.
What makes LandRock stand out amongst the crowd? Simply put, commercial real estate financing is all we do! Our knowledge, experience and volume of transactions make us experts at commercial mortgage originations; which results in better quality products and service for our clients.
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Land Rock Funding offer a weekly business webinar, contact Tamika Edmond.