Bridge Loans, Quick Loans, Land Development Funding
When your business needs capital quickly, our dedicated team combines a wealth of knowledge, an innovative approach, and an extensive lending network to ensure your needs are met throughout the process.
Fairway 21 has extensive experience with non-traditional lending, including loans that may be difficult or impossible to secure from big banks and institutions. When we began working in the alternative lending space, J.P. Morgan, Chase, and Bank of America were the trusted, reliable sources of funds. But as restrictions on bank lending increased year over year, and we were at risk of being cut out of deals based on simple buying power alone, our principals made the switch.
With 70 years of combined experience, we learned the hard way where to source and how to get the right funding that would allow us to close the deal and give us the freedom and flexibility to operate successfully, earning the revenue to pay back loans and grow. We now bring this wealth of experience to serving each and every one of our clients.
Bridge Loans
Great business opportunities don’t usually wait around. How can your business respond when a sudden, high-value deal comes in?
Bridge loans are a simple way to secure financing for real-estate transactions, to carry your business through seasonal lulls, or to hire new staff for an expansion project. Our straightforward and transparent bridge loan process will help you rapidly execute on growth opportunities without subjecting you to long wait times or a lengthy adjudication process.
Fairway 21 knows you don’t have time to waste on unreliable financing, and so our team will work with you to determine appropriate bridge length and provide flexible options in the event that plans change unexpectedly. We’ll craft an exit strategy that ensures you’ll be able to meet deadlines and maintain your creditworthiness for future financing requirements.
The Fairway 21 extended family of businesses has flipped multiple retail locations, conducting tenant improvements to increase real estate valuation significantly, and increasing revenue substantially from the date of sale. Quick money has been a tool for moving rapidly while seeing sizable gains.
Quick Money
Fairway 21 offers financing that banks and traditional lenders lack the willingness, desire, vision or ability to supply.
Secured by real property, a quick money loan normally carries a shorter term than a bridge loan and requires a less stringent approval process. This allows our financial team to approve your loan more rapidly than a traditional loan. We evaluate on a case-by-case basis so that you aren’t subjected to mass-market offerings and lending packages that aren’t quite right for your business.
The hard money loan is an especially good option for investors who build their success by flipping houses and other small properties. Get the money you need to make improvements like a new parking lot, foundation repair, structure reorganization, and building additions. Our streamlined process ensures that you get what you need right away and can turn properties around in minimal time, so you don’t lose momentum.
Land Development
Land development funding can be difficult to gain approval because there is significant risk with minimal collateral at the outset.
Valuations are based on prospective construction that may or may not materialize. Fairway 21 starts by developing extensive knowledge of the local market conditions through research and investigation. We then make the case to private lenders, giving them the opportunity to fund deals that may have been turned down by other or lenders.
Developing land involves much more than finding an attractive acre. Zoning and land-use restrictions govern what your business can build at the new site. Access to utilities is crucial for residential development, and surveys need to be completed to determine the new area’s boundaries. Our team is here to help you navigate the ins and outs of land development, even if you have no immediate plans to build and just want to secure the site for future investment.
Fairway 21 led the acquisition, design, development and construction of a class A office building, expanding our capacity in the area of acquisition and development. With decades of construction, tenant improvement and development experience, we will help you acquire and develop the right property with the right money.
“In my lengthy career as a Wharton School graduate to operating a startup company to ultimate sale and cash-out I have rarely met anyone like Eliot who, puts the interest of others before himself. I have entrusted him with many millions of dollars of investment capital, and although like many real estate principals’ times have been choppy, but Eliot has directed our company’s path forward in a fashion that warrants my full respect and adulation. His willingness and ability to deal with banks and tenants simultaneously to the betterment of all sides has allowed his exceptional ability to lower the rhetoric with a solid plan and a viable solution in the best interest of all, which is more evident and relevant than ever during the current global pandemic
– Richard P. Solomon Retired CEO Current Investor