With this new product, Arixa can now provide an end-to-end financing solution to single-family and multi-family real estate investors and developers with a long-term loan program for their properties once they are stabilized and generate cash flow. . Arixa seeks to combine the most compelling aspects of private lending (such as speed, flexibility and certainty of execution) with a longer-term loan product that is priced to match many banks and government loan programs. .
Managing Director of Arixa, Greg Hebner, said: âOur clients have asked for a better solution for the properties they want to keep for the long term. We haven’t had a natural way to move them from our bridge / construction loan programs to a more permanent loan program. does exactly that and creates a full cycle loan solution so that we can better serve our real estate investor clients. “
The Arixa Term Program will allow for rapid financing (usually within 21 days) and is competitively priced based on current market interest rates between 4% and 5% with a final price based on the appraised value of the property, borrower’s cash flow and credit score.
Arixa will deliver the program through its existing loan origination team, and borrowers can expect the same level of exceptional service and responsiveness that the company has built its reputation on. Hebner added, âWe anticipate that this long-term rental program will provide the opportunity to significantly expand our customer base and introduce them to the Arixa experience our borrowers have come to expect.
About Arixa Capital
Arixa Capital is a leading West Coast private real estate lender and fund manager providing low balance lending solutions to lower end residential and commercial investors and developers, while generating attractive risk-adjusted returns for its investors. partners and investors. Visit www.arixacapital.com for more information or contact [emailÂ protected].
SOURCE Arixa Capital Advisors, LLC