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    $50,000,000 for Raw land, Acquisition & Development, Commercial, Mixed use, Construction, Bridge, Mezzanine
-------- BROKER FACILITY LOAN PROGRAM ----------
 
PROPERTY TYPE Raw land. Acquisition and development. Commercial, Multi-family. Mixed use (commercial and residential). Construction (commercial and residential). Bridge. Mezzanine.
 
LOAN SIZE $300,000 to $50,000,000
 
LOAN TERMS Up to 2 years
 
INTEREST 9 - 15%
 
LOAN TO VALUE Up to 70%
 
UNDERWRITING CRITERIA Collateral lenders normal requirements
 
CREDIT Single asset, bankruptcy remote entity
 
PREPAYMENT PENALTIES None after 6 months of timely payments
 
DUE DILIGENCE FEE Underwriting fund established after letter of interest
 
POINTS 4 - 10
 
CLOSING 10 - 45 days
 
INTEREST RESERVE Required
 
WE PROVIDE THE FUNDS. YOU CLOSE THE LOAN.
 

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