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Our loan program offers many advantageous benefits, suited to your personal business needs:
- Super Fast Turn-Around
- 2 Days for Commitment
- As Fast as 10 Days for Closing
- Up to 75% Loan-to-Value Ratio
- Commercial Property Acquisitions and Refinancing
- Development and Construction
- Bank Workouts
- Bankruptcies & Foreclosures
- Loan terms From 1 to 5 years
PREPAYMENT: For Single Family Residences up to 1-4 units will require a 1yr. term, standard pre-pay terms apply. Commercial loans are all dependent on value and requested term. They will be looked at on a case-by-case.
USE OF PROCEEDS: Loans are usually made for business purposes.
LOAN TO VALUE: Up to 75% of the market value of the collateral. Market value is defined as the period of time (4-6 months) needed to consummate a sale to a cash buyer. If loan proceeds are to be used for renovation or construction, the loan amount can be based on improved value. Proceeds will be disbursed in stages.
RATES: Rates vary from 12-18% (interest only).
FACILITATION FEE: In lieu of equity, a fee of 7 to 10% of the loan amount may be included in the loan.
LOAN SIZE: From $100,000 up to no limit .
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