Lending Area | United States |
Property Types | All Asset Classes |
Loan Amount | $1 – $20M |
Loan Term | 6 Months – 2 Years (1-year extension) |
Loan-to-Value | Up to 75% |
Interest Rate | 8% – 12% |
Amortization | Interest Only |
Reserves | Tax & Insurance Reserves Required |
Origination Fee | 2% – 3% |
Processing Fee | $10,000 |
Expense Deposit | $10,000 – $40,000 (for third party, legal & out-of-pocket expenses) |
Prepayment | 6 Months Minimum Interest / No Prepayment Penalties |
Recourse | Non-Recourse Possible |
Borrower | Single Purpose Entity Required |
Closing | 2 Weeks Possible |
We also Finance Note Purchases