Loan to Value

Generally up to 65%
On a case-by-case basis: 75%

First Mortgages

Rates: 8 – 11%
Lender fee: 2%
Loan amounts: 100K – $4mln

Second Mortgages

Rates: 12- 15%
Lender fee: 3%
Loan amounts: $100K – $1mlm

Term

12 – 24 months

Amortization

Interest only or max. 30 years amortization

Property Type

Retail plazas, commercial condos, hotels, motels, banquet halls, auto garages, storefront/apartments, industrial properties, zoned/serviced land, construction

Deal Type

Purchases and refinances
Equity takeouts
Bridge loan