- Nationwide Short term bridge and construction loans.
- $100,000 minimum loan amount considered.
- 3 to 12 month, possibly interest only.
- Competitive interest rates.
- Inheritance Funding
- Office Buildings
- Hotels Motels
- Health Care
- Mobile Home Parks
- Shopping Centers
- Industrial Facilities
- Self Storage
- Golf Courses
- Undeveloped Land
- Mixed Use
- Cash flow for operations supported by Commercial Real Estate
With every loan we strive to meet our client's diverse needs and exceed their expectations. This requires flexibility, the willingness to consider unusual or complex real estate transactions and in depth knowledge of the capital markets. (All programs based on property age, type, condition and past operating history.)
TERM: Our offer is usually 3 to 24 months. All with a balloon.
PREPAYMENT: Most deals have a small prepayment penalty.
USE OF PROCEEDS: Loans are made for business purposes only.
LOAN TO VALUE: Loan amounts can be up to 75% Loan to Value depending on the type of property and it's current status. This is based upon an investor ordered MAI appraisal and additional opinions by local realtors, appraisers, and other third parties familiar with the property. If the loan is used for renovation or construction, the loan amount can be based on the improved value, and would be disbursed in stages.
RATES: Points, interest rates are completely dependent on the property, risk, length of loan, amount of loan, borrowers cash equity. Each deal is different.
EQUITY: We do take equity positions depending on the risk. These are usually set up as put or call options based on either appraisal or sales price which ever is greater.