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Eligible
Properties: Multifamily, office, industrial, retail,
land, and certain special use properties.
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Loan Sizes:
$500,000+
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Maximum LTV:
Up to 75%
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Minimum DSCR:
Decided on a case by case basis. Where there is less
than a 1.0X DSCR then an interest reserve is required.
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Term: One to
ten years.
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Interest
Rate: Fixed or Variable from 12%+.
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Loan Fees:
Typically 3-6% of loan balance up front. Exit fees may
also apply.
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Recourse:
Generally full recourse but depends on deal specifics.
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Collateral:
2nd trust deed
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Prepayment:
Open to prepayment.
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Loan Costs:
Borrower is responsible for all due diligence and
transaction costs.
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Third Party
Reports: Varies by transaction and property type.
Generally will require same reports as Senior lender.
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Funding
Time: 30 days or less. Funding times as fast as 48 hours
under special circumstances.
If you
require additional information, or would like to speak
to one of our commercial financing specialists, please call
us at 888.488.3807 or
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