This versatile program has many uses, for instance if a new construction multi family was just recently completed with the intention of selling off the units as condos units but the market and financing is just not there at this time, the Hybrid Program gives you the ability to refinance out of a construction loan using a rental cash flow analysis, then allows the sale of condos by partially releasing the property from the overall loan, one unit at a time which leaves the opportunity to rent to own or even mix rental with condo ownership on a multi family building.
Now on the commercial side this program works well also, especially in today's market were the high cost of a single use building and the ability to fund a start up business prohibits the entrepreneur or professional from owning the real estate that the business occupies, or intends to occupy.
Medical Centers or Industrial Parks can subdivide a larger building into smaller unit, then either sell them off as commercial or professional condos, rent to own or rental units.
Through the partial release program the buyers can even share in the mutually beneficial components of the overall facility.
Example:
For Rental or Rent to Own, 90% LTV plus working capitol, on Lease Hold Improvement, can also include equipment, for start up business or business expansion. There are many beneficial possibilities to this program.
It has the ability to mix partial releases with Government Insured Loans, Grants or Local Financial Programs.