Loan Program
Our loan program offers many advantageous benefits, suited to your personal business needs:
Super Fast Turn-Around 2 Days for Commitment As Fast as 10 Days for Closing Up to 65% Loan-to-Value Ratio Commercial Property Acquisitions and Refinancing Development and Construction Bank Workouts Bankruptcies & Foreclosures 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.
