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Our loan program offers many advantageous benefits, suited to your personal business needs:
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Super Fast Turn-Around |
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2 Days for Commitment |
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As Fast as 10 Days for Closing |
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Up to 65% Loan-to-Value Ratio |
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Commercial Property Acquisitions and Refinancing |
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Development and Construction |
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Bank Workouts |
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Bankruptcies & Foreclosures |
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Loan terms From 1 to 5 years |
PREPAYMENT:
Loans may be repaid at any time without penalty.
USE OF PROCEEDS:
Loans are usually made for business purposes.
LOAN TO VALUE:
Up to 65% of the market value of the collateral. Market value is defined as the period of time (4-6 months) needed to consummate a sale to a cash buyer. If loan proceeds are to be used for renovation or construction, the loan amount can be based on improved value. Proceeds will be disbursed in stages.
RATES:
Rates vary from 12-18% per annum, interest only.
FACILITATION FEE:
In lieu of equity, a fee of 7 to 10% of the loan amount may be included in the loan.
LOAN SIZE:
From 1 million to $50 Million.
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