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High-rise Buildings
West Bay Capital words logo

The bridge between

Private Capital and Commercial Real Estate

Lendin Criteria

LENDING CRITERIA

Lending Criteria & Loan Terms

LOAN AMOUNT

$1,000,000 - $25,000,000

LOAN TYPES

Acquisition, Refinance, Bridge, Construction

LIEN POSITION

Primarily 1st Deeds of Trust or Mortgages

LOAN-TO-VALUE

Up to 75% (combined LTV)

LOAN-TO-COST

Up to 100%

LOAN TERM

6 months – 24 months (shorter or longer terms are available on a case-by-case basis)

LENDING TERRITORY

United States

INTEREST RATE

9.00%+

ORIGINATION FEE

1.00%+

AMORTIZATION

Interest Only

PROPERTY TYPES

Retail, Multifamily, Office, Industrial, Medical, Mixed-Use, Hotel/Motel, Gas Stations and Convenience Stores, Self-Storage

Corporate Building

TRANSACTIONS

We have over twenty years of track record with private money lending as both a broker and direct lender. Here are a few of our featured transactions.

Photo of property which was a bowling ally with palm trees and a parking lot

$8,000,000 | Retail / Refinance | Torrance, CA

- Half of the property was an owner-operated bowling alley.
- Cash flow was negatively impacted due to COVID-19 and a bridge loan was needed to refinance two loans on the property.
- The West Bay loan also provided a 12 month interest reserve.
- The property was listed for sale as a redevelopment opportunity shortly after the West Bay loan closed.

photo of a mixed-use building that was converted to a medical office

$5,550,000 | Medical Office / Acquisition | Denville, NJ

- Acquisition and TI/LC financing for a vacant building in Denville, NJ
- The property was formerly a mixed-use building
- Prior to closing, the borrower had a signed lease with a non-profit healthcare provider
- The West Bay loan included a $4.8 million future funding component to convert the building into a medical office facility

photo of property that is a supermarket with large parking lot

$5,100,000 | Retail / Acquisition | Madera, CA

- 60,000 square foot vacant retail box in Madera, CA
- Prior to closing, the borrower had a fully executed 20 year lease with Vallarta Supermarkets
- West Bay underwrote the value of the lease and provided 100% financing for the project
- The loan included funds for acquisition, tenant improvements, leasing commissions and interest reserve
- Once the property was stabilized, the borrower paid off the West Bay loan by securing a permanent loan

Transactions
Testimonials

TESTIMONIALS

Industry-Leading Customer Experiences

“West Bay was an absolute pleasure to work with! We had a complicated transaction with a very tight timeline to close, West Bay performed exceptionally well for our client and were able to close in 9 business days from start to finish – incredible!”

JLL

"We wouldn't now own the building housing our Sacramento, California outlet without West Bay Capital.  Less than two weeks after first contacting West Bay Capital, our $2.5 million purchase money loan was processed and funded, and it's been a pleasure dealing with West Bay Capital's loan managers ever since.  Prompt, professional, fair and reasonable.  Simply, our relationship with West Bay Capital is worth every penny paid for/on our loan, and we wouldn't hesitate to borrow from West Bay Capital should we again need a fair, competent and efficient lender--a rare bird these days.”

Ornamental Iron Supply, Inc.

“The West Bay Capital team is focused, competent and extremely capable.  These are qualities that we demand from our business partners.  West Bay successfully closed an acquisition loan for us in three weeks with strict deadlines and no margin for error.  We look forward to continuing our relationship with them on future transactions.”

Kingsbarn Realty Capital

Our Professionals
Sky

OUR PROFESSIONALS

Decision Makers Are Owners, Brokers, and Managers of Commercial Real Estate

William McBride portrait click for detailed bios

MANAGER

INVESTMENT PORTFOLIO

Tel: 310-231-1270 x223

wmcbride@westbayllc.com

Darren Hill portrait click for detailed bios

UNDERWRITER

Tel: 310-231-1270 x228

dhill@westbayllc.com

Craig Quinn portrait click for detailed bios

MARKETING

DIRECTOR

Tel: 213-435-6735

cquinn@westbayllc.com

Edward Marek portrait click for detailed bios

MANAGER

INVESTMENT PORTFOLIO

Tel: 310-231-1270 x222

emarek@westbayllc.com

Adam Deragisch portrait click for detailed bios

FUND

ADMINISTRATOR

Tel: 310-231-1270 x274

aderagisch@westbayllc.com

photo of Kyle McBride

DIRECTOR

ORIGINATIONS

Tel: 310-292-3722

kmcbride@westbayllc.com

Michael Poyer portrait click for detailed bios

VICE PRESIDENT

ORIGINATIONS

Tel: 310-231-1270 x242

mpoyer@westbayllc.com

Kevin Prince portrait click for detailed bios

MANAGING DIRECTOR

ORIGINATIONS

Tel: 310-231-1270 x275

kprince@westbayllc.com

Affiliates

AFFILIATES

Flexible structures and creative solutions for difficult loans

photo showing how The Capital Companies include Capital Lending Resources (CLR) for real estate finance, West Bay Capital for mortgage fund, and Caplital Real Estate Advisors (CRA) for real estate services.
CAPITAL LENDING RESOURCES (CLR)

clrinc.com

 

CLR is the exclusive originator of loans made by West Bay. Since 1994, CLR has been a full-service mortgage and finance company dedicated to originating commercial mortgage instruments.

CLR has numerous financial arrangements with banks, credit unions, insurance companies, Wall Street lenders, mortgage bankers, and other credit providers through which it arranges loans for its clients.

In addition, CLR provides private money financing for bridge and non-institutional loans, as well as other opportunistic funding needs of its clients. CLR maintains a CFL and a DRE license, is 100% owned by Messrs. McBride and Marek, and is an affiliate of West Bay Capital, LLC.

CAPITAL REAL ESTATE ADVISORS (CRA)

cra-clr.com

 

CRA is a full-service commercial real estate company which provides a variety of real estate related services, including brokerage (sales and leasing), investment, development, asset management, property management, and consulting.

CRA provides and supports these services on numerous property types, including: retail, office, industrial, multi-family, mobile home parks, residential tract developments, golf courses, assisted living facilities, and other special purpose properties. CRA is a division of CLR and is an affiliate of West Bay Capital, LLC.

CRA provides commercial real estate support services to West Bay Capital, LLC as needed. CRA and CLR’s personnel will provide additional support to the fund manager in the origination and underwriting process for loans funded by West Bay.

CONTACT

CONTACT
WEST BAY
CAPITAL

222 N. Pacific Coast Highway, Suite 1780, El Segundo, CA 90245

Email: kprince@westbayllc.com
Tel: 310-231-1270 x 275 (Kevin Prince)

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