FAQ
Questions, answered.
What is Crosby Lending?+
Crosby Lending is a private real estate lender. We originate business-purpose bridge loans, finance note-on-note transactions, and buy and sell non-performing notes nationwide.
Who is behind Crosby Lending?+
Crosby Lending is led by Yonel Devico, who founded Crosby Capital USA in 2012. His experience spans equity, debt and hybrid real estate investments, with a focus on complex and undervalued opportunities.
Do you offer consumer or owner-occupied loans?+
No. We lend only for business purposes to investors, developers and entities. We do not finance a borrower's primary residence.
What loan sizes do you offer?+
From $100,000 to $50 million, on commercial and non-owner-occupied residential property in all 50 states.
What are your leverage, rates and origination fees?+
Leverage is up to 65%; annual interest rates start at 9%, and origination starts at 1 point (1% of the loan amount). These are starting terms, not guaranteed quotes or APR; other fees and closing costs may apply. Final terms depend on underwriting.
How fast can you close?+
We move fast: quick review, prompt indicative terms, and a fast closing once title and valuation are ready. Exact timing depends on the deal.
Do you work with brokers?+
Yes. Brokers are welcome and protected. Submit the deal with your details and we will keep you in the loop.
Does submitting an inquiry mean my loan is approved?+
No. Every request requires transaction-specific review, including business purpose, property use, valuation and repayment plan. Indicative terms are not a commitment to lend.
Where are you based?+
1688 Meridian Avenue, 6th Floor, Miami Beach, FL 33139. Face-to-face consultations are available by appointment.
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