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Through a separate affiliate, Dougherty Funding LLC,
the firm provides a broad range of commercial finance
products to real estate developers and corporations.
Dougherty
Funding’s senior bankers provide a broad
base of lending and leasing experience from prior affiliation
with Money Center Banks, NYSE Real Estate Investment
Trusts, International Commercial Finance Companies,
National Leasing Companies, Regional Accounting Firms,
and National
Title Insurance Companies. Our senior bankers average
over 25 years in the industry and on a combined basis
have completed transactions totaling over $20 billion.
Transaction
Guidelines
Collateral Types
- Office (commercial to medical)
- Retail (strip center to big box)
- Hospitality (full to limited service)
- Industrial (manufacturing to heavy industry)
- Warehouse (dry to cold storage)
- Special Purpose Facilities (recreational,
ethanol production, airplane hangers)
- Mixed Use Projects
- Residential (multi-family, condominium, and
co-ops)
- Health Care (senior housing, assisted living,
and health clinics)
- Land Development (residential, commercial,
and recreational)
- Equipment (transportation, energy, and manufacturing)
Typical
Underwriting Criteria
- Loan-to-value ratio up to 80.0%
- Loan-to-cost ratio up to 100.0%
- Debt service coverage ratio equal to or greater
than 1.15x
- Equity recapture based on appraised values
Loan
or Lease Structure
- Land acquisition and development
- Construction
-
Construction – mini-perm
-
Renovation/Repositioning – mini-perm
- Term loans
- Bridge loans
- Leveraged or unleveraged lease financings
- Non-recourse debt
Transaction Size
- $2 million to $100 million
Amortization Period
and Interest Rates
- Interest only bullet to 30 year amortization
schedules
- Interest rates indexed to all national indices
with fixed rate option on select basis to 10 years
- Prepayment terms typically open without premium
or penalty
Client Focus
From the broad experience base of our senior
bankers,
Dougherty Funding provides timely transaction
execution, value-added deal
structuring,
and efficient loan
and lease processing. Dougherty
Funding serves as the “lead
lender” or “lease placement agent” in
all financing transactions. Through our sister
company Dougherty & Company, we sell loan
participations
to our extensive network of community banks throughout
the U.S. – a network of community banks
who recognize Dougherty Funding as a “Lender’s
Broker” sensitive
to their capital and regulatory needs. This
relationship
between Dougherty Funding and the network of
community
banks provides access to capital markets for
creditworthy
clients whose financial needs may not
be
well suited for the nationally syndicated loan
or leasing model.
Loan
Servicing
Throughout
the term
of the
loan or
lease, Dougherty
Funding remains
the single
contact for
borrowers and
loan participants
in all
transactions; monitoring
all loan
covenants, payment
processing and
collecting all
on-going transaction
information for
the loan
or lease
participant. Our
loan servicing
staff, possess
an extensive
base of
experience in
commercial loan
servicing. From
monitoring construction
loans to
borrowing base
certificates, our servicing
experience provides timely,
efficient, and
effective loan
and lease
servicing for
both the
borrower and
the loan
participant. All
Dougherty Funding
loan accounting
records are
available to
the borrower
and loan
participant in
a secure “on line” environment.
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