CONSTRUCTION
TO PERMANENT FOR:
-
Apartments
-
Office Buildings
-
Shopping Centers
-
Retail Centers
-
Hotels (flagged)
-
Warehouses - Mini-Storages
MINIMUM LOAN: $3,000,000 (below on
a case by case basis)
TERM: 5 to 10 Years
AMORTIZATION: Up to 30 years
(Typically 20-25 Years)
RATE: Based on the 10-Year
Treasury Bill (Fixed) or Prime Rate
FEES: From Par to 2%
DSCR: From 1.20x on seasoned
properties,
CONSTRUCTION LTV: 75%-85% of
construction. Construction is based on the projected
value so in some cases it covers 100% of project cost.
PERMANENT LTV: 75%-80% stabilized.
PRELEASE: On construction, 50%
prelease required.
Terms are subject to change
We also offer loans for
Specialty Properties, such as:
- Car Washes
- Gas Stations / C-Stores
- Restaurants
APPLY
ONLINE
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Us
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.
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: 14% Minimum.
POINTS: 5 Points Minimum - Plus Closing Costs.
