Commercial
Loans
CONSTRUCTION TO PERMANENT FOR:
- Apartments
- Assisted Living
Facilities
- Hotels (flagged)
- Office Buildings
- Retail Centers
- Shopping Centers
- Warehouses - Mini-Storages
MINIMUM LOAN: $3,000,000 (below on a case by case basis)
TERM: 10 Years
AMORTIZATION: Up to 30 years (Typically 20-25 Years)
RATE: Each deal is individually priced based
on it's merits
FEES: From Par to 4%
RECOURSE: Full Recourse during construction - typically non-recourse on permanent.
DSCR: From 1.20x on seasoned properties
CONSTRUCTION LTV: 85% of construction
PERMANENT LTV: 80% stabilized
PRELEASE: On construction, 50% prelease
required
* Terms are subject to change
APPLY ONLINE
HARD MONEY
PROPERTY TYPES: (Same as above)
LOAN: $3,000,000 MINIMUM.
TERM: 1 YEAR - RENEW ADD. YR FOR 1.50%
RATE: 13% Minimum
REPAYMENT: INTEREST ONLY WITH BALLOON.
POINTS: 5% Minimum
* Terms are subject to change
APPLY ONLINE
LAND
MINIMUM LOAN: $3,000,000.00
LTV: 35% to 45% of "AS IS" value (as per lender's appraisal). If purchase, it will be based on the lesser of purchase price or lender's appraisal.
TERM: 12-36 Months.
AMORTIZATION: Case by case basis - most loans are interest only.
RATE: 15% Minimum.
POINTS: 5 Points Minimum - Plus Closing Costs.
* Terms are subject to change
APPLY ONLINE
Home
| Factoring
| ABL
| Commercial
Loans | About
Us | Contact
Us | Apply