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MINIMUM
LOAN:
$2,000,000.00
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LOAN
TERM:
12 to 36 Months.
Extension options available
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AMORTIZATION:
Interest only or
fixed principal paydowns
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MINIMUM
DSCR:
Case
by Case
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MAXIMUM
LTV:
Case
by Case
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INTEREST
RATE:
Case
by Case
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ELIGIBLE
PROPERTY TYPES:
Most
Income Properties
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ELIGIBLE
BORROWER:
Single Asset Entity
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SPONSORSHIP:
Good overall credit
with sufficient liquidity and
demonstrated experience completing
similar projects
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TAX
AND INSURANCE ESCROWS:
Case
by Case
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REPLACEMENT
RESERVES:
Case
by Case
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SECURITY:
First mortgage lien
on subject property. If applicable,
additional credit enhancement
(recourse, other collateral, letter
of credit or other guarantees) to be
determined
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REQUIRED
REPORTS:
MAI Appraisal,
Property Condition Assessment, Phase
I and others if applicable
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CLOSING
COSTS:
Deposit
required for third party reports,
processing costs, title and legal.
Travel and other standard costs if
an when applicable
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ORIGINATION
FEE:
Minimum 2% to 5%. (In
Addition to Closing Costs)
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APPLY
ONLINE
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