Loan Size
|
From $1 Million to $15+ Million
|
| Location |
Urban and suburban US properties |
| Collateral |
NO LAND Improved revenue-producing commercial assets, multifamily accommodations, and single family non-owner occupied |
| Rates |
From 7.99% and 2 points |
| Terms |
Up to 2 years |
| Max LTV |
70%
Purchase: Value is the exact purchase price. If Borrower has 30+% cash down, we’ll “extend” the LTV max.
Refinance: Value is based on our conception of the ongoing market value. Our own review appraiser, along with a primary, will journey to visit each asset.
|
| Creative/Flexible |
Blanket loans; points and fees included in the loan; multiple revenue sources examined. |
| Due Diligence |
A deposit of $5,000 – $15,000 is needed upon agreement of a term sheet. The deposit is credited against third-party costs of underwriting: fair market value assessment charge, inspections, site visit, legal fees, escrow, etc. |
