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- MINIMUM
LOAN:
$10,000,000.00 (below case by case
basis)
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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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- SUBORDINATE
FINANCING:
Mezzanine allowed
subject to approval
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- RATE
LOCK:
Not 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
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