Our Parameters
- Uses: Residential, Commercial, Environmental Remediation, Special Situations
- LTV (max): 75% Residential, 70% Commercial, higher loan amounts with additional real estate collateral
- Loan Amount: $250,000 to $10,000,000
- Term: 6 to 24 months
- Rates: 9.9% to 13.9%, subject to risk
- Lender Fee: 2.0% to 4.0% of the loan amount
- Amortization: Often interest only, negotiable
- Debt Service: Sufficient cash flow to service debt; minimum DSCR evaluated on a case-by-case basis
- Prepayment: Flexible
- Guarantee: Required in most situations
- Security: 1st mortgage, 2nd mortgage on a selective basis
Eligible Properties
- Single Family Dwellings: Urban and selective rural
- Mixed Use: Properties that integrate residential and commercial uses
- Retail and Office Buildings: Urban and selective rural
- Multi-Family Housing: Apartments, student housing
- Raw Land: Residential and commercial
- Warehouses/Light Industrial Properties: Single and multi-tenant facilities
- Hotels/Motels: AirBnB
- Restaurants: Established owner-occupied and leased facilities
- Other type of properties include:
- Assisted Care
- Campground
- Car Wash
- Storage
- Mobile Home Park
