PURCHASE
REFINANCE
BRIDGE
EQUITY / VENTURE
CAPITAL |
RENOVATIONS
DEVELOPMENT
OPERATING
CAPITAL
BUSINESS NEEDS
|
COMMERCIAL
LAND
CASH
OUT
EQUIPMENT FINANCING |
 Depending on type of loan and program, rates at prime or below up to 14 percent or more.
Total Points Which May Be Rolled Into The Loan
1 to 10
 A-B-C-D credit will be considered Prior discharged bankruptcies or foreclosures
Reasonable
Commitment Fees Ranging From 1/2 Point to 1 Percent of Loan Amount.
Paid Only After Package is Initially Underwritten.
The Terms Available Will Depend on The Type of Land Program. Such as Conventional, Hard Money, Etc. Short Term Hard Money Loans Could Be 12 to 60 Months With Ballon. Conventional Loan May Be 15 to 30 Years.
10
to 100 Percent Maximum LTV Depending on Type of Project.
$500,000
and Over
Foreclosure
and Bankruptcy are OK
In Most Cases, The Borrower Must
Have Real Cash or Equity In The Property. There are Some Exeptions to This Depending on The Project.
Must
Have a Realistic Exit or Loan Payoff Strategy on Short Term Hard Money Loans.
Most
Property Types Accepted: Apartments, Church, Offices, Subdivsion Development, Gas Stations,
Land Only, Marina, Mobile Home Park, Restaurant, Motel/Hotel, Owner
Occupied Single Family, C-Stores with Gas, Mini Storage, Industrial,
Etc.
Residential
Property On A Deal-by-Deal Basis Due To Bankruptcy and
Lending Laws of Each State
Raw
Land - Will Go 40% to 60% LTV on the Appraised Value
To Get Started, All We Need is a Completed Executive
Summary Form Submission.
Most
Deals Can Close in 15 to 45 Days Depending On What Lender Needs To
Obtain Or That The Borrower Might Not Already Have, i.e. Appraisal,
Title Policy, Environmental Reports, etc. and Borrower is Responsible For all 3rd Party Reports, Example: Appraisal, Title Report, Environmental Reports, Etc.
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