Beachrock has built its foundation around understanding the needs of commercial and residential developers and property owners.
Because raising capital for developers is our expertise, we are well equipped to help you meet your financing needs.
Some examples of capital we source include:
Lending
Bank Construction Loans: It is important to know that the world of banks is not "one size fits all". In fact, it is quite the opposite. Based on the nature of your project and the size of your organization, we can help match you with the bank that will suit your needs, now, and in the future, not simply make the connection with the first bank that says "yes" to your current loan request. As your needs change, we can introduce you to new lending relationships to meet your ever-changing needs.
Non-Bank Construction Loans: Not all situations call for a bank loan. There are a wide variety of reasons that a non-bank may be the right choice for your construction lending needs. Commonly, these reasons include "quick close" situations, flexible terms, higher advance rates, and non-recourse options. In the arena of non-bank lenders, not all are created equal. Choosing the right lender is crucial, however, the landscape is often difficult to navigate. We can help you steer clear of lenders that may not be right for your loan request, or for your organization, and direct you to those that are a more appropriate fit.
Bridge Loans: For those looking to finance transitional properties, a bridge loan can be the answer. Some situations lend themselves to a bank loan, while others require the flexibility of a non-bank lender. We can help you by bringing the right lender to the table for your financing needs. Each lender has their own set of parameters, guidelines and preferences. It requires a strong understanding of these parameters over a wide variety of potential lenders to zero in on the best lender for your needs.
Perm and Mini Perm: Finding the best lender for your stabilized asset can dramatically change your returns. Small variances in advance rates and pricing can make a big difference to your proforma, but that is only part of the picture. Each lender can often grant or deny small exceptions that could allow faster funding, additional proceeds, or waive requirements that may otherwise preclude financing.
Junior Finance
Junior finance can be one of the most difficult types of capital to procure. Relatively speaking, there are fewer "junior lenders" than any other class of financing. Additionally, these lenders have requirements that need to be met at the property level.
Structure Matters: In the world of junior finance, there is a wide variety of structures, including 2nd trust deeds, mezzanine loans, and preferred equity. In most cases, the structure matters. While your attorney will ultimately advise you, our preliminary guidance can help you avoid some of the common pitfalls associated with junior finance.
Your junior lender matters to your senior lender: It is important to understand the various restrictions that your senior lender will require of your junior lender. Transparency and communication are key when making sure that all parties are on the same page, and to avoid any costly "closing table" issues.
Equity and Co-GP Finance
A great equity partner can change your business forever. They can allow for growth, provide you with greater flexibility in your operations, and even help your lenders gain confidence in your loan proposals.
An equity relationship is much more than just the numbers. The personal and professional relationship between parties is crucial to making a long-term relationship work. Engaging a broker that understands this and has close relationships with the right equity providers is one of the most important decisions you can make.
Remember, an equity partner will underwrite your proforma, but they write the check to you. If your broker takes a myopic point of view and does not also understand the importance of a relationship, an alignment of interests, and commonality of philosophy regarding risk, you are greatly increasing your transactional risk.