Loan Criteria
TERM:
Flexible loan terms of up to two years.
PREPAYMENT:
Depends on loan scenario.
USE OF PROCEEDS:
Loans are made for real estate acquisition or refinance purposes only.
LOAN TO VALUE:
Loan amounts can be up to 70% of the disposition value of the collateral, based on the estimated value of the property at the time of funding.
LOAN TO COST:
Loan amounts can be up to 70% of loan to cost on acquisitions of buildings or up to 40% of the cost of the land.
RATES:
Rates start at 11% per year, interest only.
FEES:
Fees start at 4% and are included in the loan.
LOAN SIZE:
From $100,000 to $5 million.
COLLATERAL:
Real estate.