LENDING PARAMETERS.
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Property Types:
All income producing property types considered |
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Lending Area:
Continental United States |
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Loan Size:
From $50,000 to $5,000,000+ |
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Loan Term:
1 to 2 years (longer terms considered on an
exception basis) |
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Amortization:
Interest only |
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Interest Rate:
Starting at 10% |
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Loan-to-Value:
65% LTV (up to 80% LTV considered on an exception
basis) |
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Debt Service Coverage:
Not Applicable |
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Prepayment:
No prepayment penalty, although typically a six
month interest guarantee |
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Borrower:
Single Purpose Entity Ownership Structure preferred |
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Recourse:
Conditional upon specific transaction
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Commitment Fee:
A Commitment Fee equal to 1% of the fully committed
loan amount will be required by the Borrower at the
time of formal commitment. (Individual case basis) |
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Closing:
Funding as soon as 24
Hours |
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