LOAN TO VALUE
We will finance up to 75% depending on the collateral type and quality. If additional collateral is available, we may offer an even higher LTV
TERM
We write loans with terms of 12 to 24 months and will consider extensions, at our sole discretion, at the time of maturity
FEES
Underwriting Fees: $4K to initiate due diligence with $2K being refundable if loans are not drawn
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Commitment Fees: 1% to 3% of the loan amount, collected at funding
USE OF PROCEEDS
Acquisition - Refinance - Cash Out Refinance - Investment - Property Rehabilitation - Partner Buyout - Added Value Construction
INTEREST RATES
Our competitive rates start at 7% and vary depending on the quality of the property and the collateral provided
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LOAN DOCUMENTATION
Industry Standard
Loan Documentation - Title Insurance - Property Insurance
Acceptable Property Types
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Industrial
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Office
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Retail
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Self-storage
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Multi-Family
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Hotels & Motels
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Manufactured Housing & RV Parks
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Non-owner occupied single family homes
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There are additional acceptable property types under the umbrella of income producing commercial properties. Please contact us if you have questions about qualifying.
Excluded Property Types
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Undeveloped Land
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Single use properties operating as houses of worship
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Owner occupied single-family residences
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Petroleum based or toxic uses (i.e. gas stations)
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Nightclubs, Bars or Casinos
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Car Washes
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Cannabis clubs & grow facilities
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Properties subject to ground leases