|
Loan Programs with over 36 lender
programs available. general guidelines are below
| Locations: |
50 US
States |
 |
| Loan
Size: |
$250,000-$50,000,000 |
| Rates: |
Starting
around 4%-7%. Call for latest rates. |
| Security: |
First
and Second Trust Deeds |
| Loan
Types: |
Fixed
Rate, Adjustable Rate, Re-positioning, Bridge, Participations,
Joint Venture ($5 million Minimum), Construction ($3 million
minimum) |
| Loan
Terms: |
Up
30
year fixed rates, Interest Only, Stated Income, ARMS, |
| Amortizations: |
Up to
35 Years |
| Loan
to Values: |
Typically
65%-90% (SBA). Higher on case by case basis, especially for credit
tenant requests. |
| Prepayment: |
Varies
depending on Lender including no penalties |
 |
| Assumability: |
Most
loans are assumable for a 1% fee. |
| Impounds: |
Many of
our Lenders do not require impounds of any kind but taxes and
insurance are common. Replacement Reserve and TI/LC impounds on
case by case basis. |
| Highlights: |
No
Cost Options, owner/user, A-C quality
properties, |
| Borrower: |
Single
Asset Entities not required in all cases |
| Liability: |
Most
loans are Non-Recourse subject to Standard Non-recourse Carve-outs |
| Closing: |
Typically
45-60 days from submitted application. Bridge loans can close
within 30 days. |
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