David Chera
Express Capital Financing’s Senior Vice President
Looking for a loan? Need some expert lending advice? Get in touch with David, Express Capital Financing’s co-founder and Senior Vice President, by phone or email. He’ll be more happy to explore your opportunity and help you uncover the perfect lending options just for you.
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About David
David’s fervent commitment to the business and real estate finance industry, led him to co-found Express Capital Financing in 2016. As the VP and head of Underwriting and Credit, David wears multiple hats. His day-to-day responsibilities include overseeing tech integration, sales strategies, investor relations, and ensuring the seamless operation of each individual deal.
Under David’s leadership, Express Capital Financing continues to excel and has managed portfolios in excess of $200 million and has successfully closed over $700 million in loans since its inception. These loans empowered our borrowers to capitalize on potential opportunities that would otherwise not be available to them through traditional means.
With a deep understanding of finance and his commitment to excellence, David continues to pave the way for success in the ever-evolving world of lending.
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Compare Our Loan Programs
Whether you’re looking for capital for a Fix & Flip, Rental, or Commercial property, we have a program to meet your needs.
nt_header_0 | Fix & Flip Loans |
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Project Type | 1-4 Unit Residences, Condominiums, Townhomes |
Loan Amount | $75,000 – $5,000,000 |
Loan To Value (LTV) | Up to 90% |
Rent Coverage Ratio | Not Applicable |
Loan Term | 12-36 Months |
Interest Rate | Starting at 9.99%+ |
Rehab Financing | 100% |
Proceed Usage | Purchase, Refinance, Renovation, Bridge, Cashout |
Those Who Qualify | US Citizens, Foreign Nationals, Permanent Resident Alien |
Minimum Credit Score | 620 (Lower is case-by-case) |
Points | 2%+ |
Pre-Payment Penalty | None |
nt_header_0 | Ground Up Construction |
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Project Type | 1-4 Unit Residences, Condominiums, 5+ Unit Multi Family, Mixed Use |
Loan Amount | $75,000 – $10,000,000 |
Loan To Value (LTV) | Up to 90% LTC |
Rent Coverage Ratio | Not Applicable |
Loan Term | 12-36 Months |
Interest Rate | Starting at 9.99%+ |
Rehab Financing | 100% |
Proceed Usage | Purchase, Refinance, Renovation, Bridge, |
Those Who Qualify | US Citizens, Foreign Nationals, Permanent Resident Alien |
Minimum Credit Score | 620 (Lower is case-by-case) |
Points | 2%+ |
Pre-Payment Penalty | None |
nt_header_0 | Multi Family/Mixed Use Bridge Loans |
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Project Type | Multi Family (5+), Mixed Use |
Loan Amount | $500,000 – $10,000,000 |
Loan To Value (LTV) | Up to 75% |
Rent Coverage Ratio | 1.1x |
Loan Term | 12 to 36 Months |
Interest Rate | Starting at 10.5%+ |
Rehab Financing | 100% |
Proceed Usage | Purchase, Refinance, Cashout |
Those Who Qualify | Experienced or Newbies to Real Estate |
Minimum Credit Score | 650 (Lower is case-by-case) |
Points | 2%+ |
Pre-Payment Penalty | None |
nt_header_0 | Large Balance Bridge Loans |
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nt_header_0 | DSCR |
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Project Type | Single Family Residential, Multi-Family (2-4 Units), Condominiums, Townhomes |
Loan Amount | $50,000 – $3,000,000 |
Loan To Value (LTV) | Up to 80% |
Rent Coverage Ratio | 1.0x (No DSCR Available) |
Loan Term | 5/30, 7/30, 10/30, Fixed 30/30 |
Interest Rate | Starting at 5.25%+ |
Rehab Financing | Not Available |
Proceed Usage | Purchase, Refinance, Cashout |
Those Who Qualify | US Citizens, Foreign Nationals, Permanent Resident Alien |
Minimum Credit Score | 650 |
Points | 1.5%+ |
Pre-Payment Penalty | Options of: None, 1.0.0 or 3.0.0, 3.2.1 or 5.4.3.2.1 |
nt_header_0 | DSCR Portfolio |
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Project Type | Single Family Residential, Multi-Family (2-4 Units), Condominiums, Townhomes |
Loan Amount | $250,000 – $50,000,000 |
Loan To Value (LTV) | Up to 80% |
Rent Coverage Ratio | 1.0x |
Loan Term | 5/30, Fixed 30/30 |
Interest Rate | Starting at 5.25%+ |
Rehab Financing | Not Available |
Proceed Usage | Purchase, Refinance, Cashout |
Those Who Qualify | US Citizens, Foreign Nationals, Permanent Resident Alien |
Minimum Credit Score | 660 |
Points | 1.5%+ |
Pre-Payment Penalty | Options of: 5.5.5 or 5.5.5.5.5, 3.2.1 or 5.4.3.2.1 |
nt_header_0 | Lite Doc Commercial Mortgages |
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Project Type | Apartments (5-21+ Units), Industrial, Warehouse, Multi Family, Shopping Centers, Offices, And Many More.. |
Loan Amount | $100,000 – $10,000,000 |
Loan To Value (LTV) | Up to 80% |
Rent Coverage Ratio | 1.2x |
Loan Term | 5/7/10/15 or 30 Years |
Interest Rate | Starting at 8%+ |
Rehab Financing | Not Available |
Proceed Usage | Purchase, Refinance, Unrestricted Cash Out |
Those Who Qualify | US Citizens, Foreign Nationals, Permanent Resident Alien |
Minimum Credit Score | 650 |
Points | 2%+ |
Pre-Payment Penalty | Options of: 5.5.5 or 5.5.5.5.5, 3.2.1 or 5.4.3.2.1 |
nt_header_0 | Full Doc Commercial Mortgages |
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Project Type | Multi Family, Mixed Use, Retail, Self-Storage, Warehouse, Light Industrial and other commercial assets |
Loan Amount | $100,000 – $75,000,000 |
Loan To Value (LTV) | Up to 75% |
Rent Coverage Ratio | 1.25x |
Loan Term | 3/5/7/10/12/15/18, or 25 Year |
Interest Rate | Starting at 7.5%+ |
Rehab Financing | Not Available |
Proceed Usage | Purchase, Refinance, Unrestricted Cash Out |
Those Who Qualify | US Citizens, Foreign Nationals, Permanent Resident Alien |
Minimum Credit Score | 650 |
Points | 2%+ |
Pre-Payment Penalty | Mutiple Options Available |
Why Choose Express Capital Financing
Quick Funding
Get fast, reliable financing to seize opportunities with unmatched speed.
Maximum Leverage
Maximize your real estate portfolio effortlessly with higher leverage.
Unmatched Flexibility
Enjoy tailored loans that flexibly adapt to your needs and goals.
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Insights & Resources
From powerful deal calculators that demystify complex financial scenarios to thought-provoking blogs that unravel industry trends, from exclusive events and webinars to our trusted affiliate partners – this is your go-to hub for staying ahead and making informed decisions in real estate.
Insights & Resources
From powerful deal calculators that demystify complex financial scenarios to thought-provoking blogs that unravel industry trends, from exclusive events and webinars to our trusted affiliate partners – this is your go-to hub for staying ahead and making informed decisions in real estate.
Affiliate Partners
Find out more
FAQ
We know how challenging it can be for landlords and commercial property owners/investors to secure funding for real estate. At this time, we only provide financing to commercial clients/investors who are LLCs and corporations for nonowner-occupied properties.
We provide funding nationwide, with the exception of the following states: Nevada, South Dakota and North Dakota
Our closing process can be as short as 7 days. After the first deal is in, we can close in 5-7 days. Our processing clock starts from the initial point of contact.
We do not provide 100 percent funding on all deals. We provide 100 percent financing for rehab expenses. For purchase contracts, we provide up to 90 percent in funding. On rehab properties, we provide financing based on the after-rehab value (ARV). Rehab borrowers can receive 75% of their property’s ARV.Â
Costs that borrowers are expected to cover themselves include any over budget expenses for rehab properties, loan interest and settlement fees.
The application process is fast and simple. Ideally, we expect potential borrowers to include in their loan application a deal summary, proposed scope of work and purchase contract.Â
Depending on the deal, we may also ask for property comparisons. We’ll review your application and contact you right away to discuss your investment opportunity and inform you about lending requirements and borrower expectations.
We do not require any money from you upfront. Appraisals are required for all approved applications. You do not pay any fees until you receive our terms and conditions sheet regarding your deal.
We know that real estate deals are time-sensitive matters. We encourage you to complete the prequalification process to know exactly where you stand with us. Our loan experts do not believe in wasting your time or giving you the runaround.Â
Once you complete the prequalification/preapproval process, you’ll hear back from us within 24 hours. Our loan professionals speak to and meet with all borrowers before closing.
If you have a question that is not answered here or on our full FAQ page, or you are ready to apply to get the funds you need right away, contact us at Express Capital Financing to let us know. We’ll be more than happy to address your concerns, and clear up any confusion you may have and get your funding underway.