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