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TERM:
Flexible loan term ranging from 1-5 years
PREPAYMENT:
Loans may be repaid at any time without penalty.
USE OF PROCEEDS:
Loans are made for business purposes only.
LOAN TO VALUE:
Loan amounts can be up to 50-75% of the market value of the collateral, based on the estimated cash sale price given a 90-120 day marketing time. If the loan is used for renovation or construction, the loan amount can be based on the improved value, and would be disbursed in stages.
RATES:
Rates vary from 12-15% per annum, interest only, depending upon collateral and loan structure. Internationally, rates vary from 12-18%, depending on country.
EQUITY:
In lieu of equity participation, a fee to be agreed upon may be included in the loan.
LOAN SIZE:
From $1 Million to $50 Million nationally. Must be at least $3 Million
for international loans.
COLLATERAL:
Real estate and other fixed or liquid assets.
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