|
 | MINIMUM
LOAN:
$10,000,000.00 (below case by case
basis) |
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| LOAN
TERM:
3 to 7 Years |
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| AMORTIZATION:
Most loans are
interest only |
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| MINIMUM
DSCR:
Depending on the deal |
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| MAXIMUM
LTV:
Case by case basis |
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| INTEREST
RATE:
Fixed or adjustable
rate options on an actual 360 basis |
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| ELIGIBLE
PROPERTY TYPES:
Major Gaming Resorts
Hotels/Motels |
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| TAX
AND INSURANCE ESCROWS:
Monthly Deposits Required |
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| REPLACEMENT
RESERVES:
Monthly Deposits
Required |
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| RECOURSE:
In Most Cases
Full-Recourse |
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| REQUIRED
REPORTS:
MAI Appraisal,
Property Condition Assessment, Phase
I. Others if applicable |
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| PREPAYMENT:
Depending on the deal |
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| ASSUMABLE:
Not assumable |
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| SUBORDINATE
FINANCING:
Mezzanine allowed
subject to approval |
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| RATE
LOCK:
Not 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:
PAR to 5%. (In
Addition to Closing Costs) |
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To
apply, click
here | to contact us click
here
|
