Property/Business Types - Commercial real estate properties, excluding gas stations and fast food. Properties include income producing and those in transition, rehabilitation and raw land -- all with good exit/repayment strategies.

• Loan Size
• $1 Million to $50 Million
• Loan to Values
• Income Producing
  • - up to 75% LTV
• Transitional
  • - up to 85% LTV for Refinances
  • - up to 90% Loan to Cost
• Land
  • - up to 55% LTV
• Interest Rates
• Hard Money
  • - 400 to 700 over 6 mo. LIBOR
  • - 9% to 13%
• Transitional
  • - 200 to 400 over 6 mo. LIBOR
  • - 8.5% to 11.5%
• Maximum Term
• 18 to 36 months
• Amortization
• Interest Only
• Lender Fees
• 5% to 7%
• Closing Timing
• 10 to 20 days depending on information

Security and Guarantees - The loan will have a first mortgage position on the real estate. Financial sponsorship (the borrower) must be strong, have experience and provide personal guarantees for the loan. Exit/repayment strategy is crucial for hard money, bridge and transitional financing.

Interest Impound - Typically, 6 months of interest is impounded into the loan at closing, so that no out-of-pocket interest payments are necessary for the first six months.

Rates and Terms - The rates and terms shown here will vary, depending on risk, including, but not limited to, those areas relating to the property, borrower, timing and exit strategy.