Loan Criteria
TERM:
Flexible loan term ranging from 1-5 years
LOAN TO VALUE:
Loan amounts can be up to 30-50 percent of the market value of the collateral, based on the estimated cash sale price given a 90-120 day marketing time. 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:
Depending on the collateral the rates range between 12-18 percent per annum.
LOAN SIZE:
From $1 million to $150 million.
COLLATERAL:
Master-planned community developments, ranches, ski resorts, marinas, hotels, motels, apartment buildings, condo developments, time-share developments, very high end apartments and townhouses, mobile home parks, RV parks, office buildings, factories, restaurants, bakeries, casinos, ships, race tracks, amusement parks, army depots, airlines, landfills, brown field remediation projects, skating rinks, cell phone towers, shopping centers, consumer receivables and securities.
Please click here for more important information.
Flexible loan term ranging from 1-5 years
LOAN TO VALUE:
Loan amounts can be up to 30-50 percent of the market value of the collateral, based on the estimated cash sale price given a 90-120 day marketing time. 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:
Depending on the collateral the rates range between 12-18 percent per annum.
LOAN SIZE:
From $1 million to $150 million.
COLLATERAL:
Master-planned community developments, ranches, ski resorts, marinas, hotels, motels, apartment buildings, condo developments, time-share developments, very high end apartments and townhouses, mobile home parks, RV parks, office buildings, factories, restaurants, bakeries, casinos, ships, race tracks, amusement parks, army depots, airlines, landfills, brown field remediation projects, skating rinks, cell phone towers, shopping centers, consumer receivables and securities.
Please click here for more important information.
