TERM:
6 months -36 months, longer term loans are available case by case
PREPAYMENT:
Loans may be paid off at any time without penalty.
USE OF PROCEEDS:
Acquisition, Acquisition and Development, Apartments, Asset Based, Bankruptcy, Bridge, Commercial, Commercial and Residential Construction, Debt Financing, Development, Equity, Gas Stations, Hard Money, Mezzanine, Mixed Use, Mobile Home/RV Park, Multi Family, Non-Conforming, Note Hypothecations, Note Purchase, Stand By Commitments, Sub-Divisions, Swing Loans, Condo Conversions
LOAN TO VALUE:
Loan amounts can be made up to 60-70% of the actual market value of the collateral.
INTEREST RATES:
Rates and loan fees range from 9.99%-14.99% interest only payments, and 3-6 points depending on the collateral, length of loan term, and structure of the deal.
LOAN SIZE:
From $250,000 - $10,000,000
COLLATERAL:
Real estate, and in certain scenarios, partnership/llc interests and secured notes (note hypothecations).