The commercial real estate market in the United States exceeds $4 trillion in size, and a great deal of capital is available in the lending community to finance business expansion.

USExpress provides lenders with attractive, prospective borrowers.

Commercial lenders come to USExpress to access opportunities for financing properties such as office buildings, industrial facilities, apartment complexes, townhouse developments, residential subdivisions, strip malls and shopping centers, hotels and motels, mobile home parks, nursing homes, medical buildings, golf courses, mixed use properties, restaurants and more.

USExpress provides borrowers with the means of raising capital.

USExpress borrowers are dependable entrepreneurs who require funding at various stages of the business cycle. They come to USExpress for commercial real estate loans for construction, refinance or purchase.

Business owners use existing equity in commercial real estate to restructure debt, upgrade property and arrange for additional commercial investments. Some are seeking to acquire, develop, build or upgrade commercial property. Others are repositioning a business in the market or restructuring its ownership or debt for growth and stability.

USExpress helps these borrowers take advantage of business opportunities as the opportunities occur. When government regulations or institutional loan policies limit the ability of "brick ‘n mortar" banks to provide financing in time USExpress fills the gap with commercial real estate loans, secured lines of credit and construction and development loans—online and on time.

GLOSSARY

Adjustable Rate Mortgage:

Mortgage where the interest rate adjusts periodically up or down through a set index. Also called a floating rate mortgage.

Apartment Conversion:

When a rental apartment building is converted to individually owned units.

Apartment Rehabilitation:

Extensive remodeling of an older apartment building.

ARM:

See Adjustable Rate Mortgage

Bond Financing:

Type of financing that is a promise to repay the principal along with interest on a specified date.

Bridge Loan:

Financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan. Also called a swing loan.

Cap Rate:

A net yield set by an investor to determine the value of an income producing property.

Commercial Conduit:

Direct link to an institutional lending source

Co-op:

A type of common property ownership, such as when the residents of a multi-unit housing complex own shares in the corporation that owns the property, rather than owning their own units.

Credit Company:

A lending organization that obtains it source of funds from the commercial market.

Credit Enhancements:

A loan to provide improvements to the property.

DSC:

Debt Service Coverage Ratio: A 1.0 means breakeven. The ratio is calculated by taking the net operating income and dividing it by the mortgage payments. Most lenders look for a ratio of 1.25 or higher.

Equity Capital:

Capital raised from owners. In a commercial real estate case, a lender will also provide equity capital for a percentage of ownership.

Fannie Mae:

A congressionally chartered corporation which buys mortgages on the secondary market from Banks, Savings & Loans, Etc; pools them and sells them as mortgage-backed securities to investors on the open market. Monthly principal and interest payments are guaranteed by FNMA but not by the U.S. Government.

FHA:

Federal Housing Administration, a government agency

Fixed Rate Mortgage:

Mortgage where the interest rate is set for the term of the loan.

Floating Rate Mortgage:

See Adjustable Rate Mortgage

Forward Commitment:

A written promise from a lender to provide a loan at a future time.

Freddie Mac:

(Federal Home Loan Mortgage Corporation) Entity buys loans from conventional lenders and packages them for sale to investors as securities.

Hard Equity:

High interest rate financing.

HUD:

Housing and Urban Development, a federal government agency.

Investment Advisor:

A person or organization employed by an individual, insurance company, pension fund or mutual fund to manage assets or provide investment advice.

Investment Banker:

An individual or institution which acts as an underwriter or agent for corporations and municipalities issuing securities, but which does not accept deposits or make loans. Most also maintain broker/dealer operations, maintain markets for previously issued securities, and offer advisory services to investors. also called investment banker. see also bank, commercial bank, originator, syndicate.

Lines of Credit:

An arrangement in which a bank or vendor extends a specified amount of unsecured credit to a specified borrower for a specified time period.

LTV:

Loan to Value: Proposed loan amount divided by the value of the property.

Mezzanine:

Late-stage venture capital financing.

Miniperm:

Short term permanent financing, usually 3 to 5 years.

Mortgage Banker:

An entity that makes loans with its own money and them sells the loans to other lenders.

Mortgage Broker:

An entity that arranges loans for borrowers.

Participation:

A type of mortgage where the lender receives a percentage of the gross revenue in addition to the mortgage payments.

Points:

Loans fees paid by the borrower. One point is 1% of the loan amount.

Prepayment Penalty:

A charge for paying off a loan before it is due.

Prime Rate:

An artificial rate set by commercial banks. Many banks will use the Wall Street Prime rate. This is a rate set by the top leading banks in the country.

Property Classification:

Most lenders will classify a property by its age and needed maintenance. As an example many insurance companies will only loan on properties that are class A, meaning that the properties age is 10 years old or less and is not in need of repair.

Recourse:

A loan for which the borrower is personally liable for payment if the borrower defaults.

REIT:

(Real Estate Investment Trust) Pooled funds that purchase and hold commercial real estate.

Sale / Lease Back:

When a lender buys a property and leases it back to the seller for an extended period of time.

Savings & Loan:

A federally or state chartered financial institution that takes deposits from individuals, funds mortgages, and pays dividends.

SBA:

Small Business Administration, a federal government agency.

Second Mortgage:

A mortgage on real estate, which has already been pledged as collateral for an earlier mortgage. The second mortgage carries rights, which are subordinate to those of the first.

Standby Commitment:

A formal offer by a lender making explicit the terms under which it agrees to lend money to a borrower over a certain period of time.

Upfront Fees:

Generally refer to fees charges to pay for third party costs like appraisals.

Workouts: