Hard Money Loans

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 ACQUISITION, CONSTRUCTION, RESTRUCTURING AND REFINANCING 

LOAN AMOUNT: $100,000 and up.

BORROWER: Management and/or ownership should be experienced.  Past or present credit problems, including Chapter 11 or Chapter 7 bankruptcies are workable.

LOAN TERM : 12 - 36 months, interest only (interest reserve allowed).

PREPAYMENTS: Loans may be prepaid at any time after the first anniversary of the loan with no prepayment penalties.

INTEREST RATE: A preferred interest rate of 10.0% - 15.0%

COLLATERAL: First mortgage on land, office, multifamily, special purpose properties, mixed used, retail strip malls, regional shopping centers, recreational, medical, warehousing, manufacturing, self-storage, hospitality (hotel/motels) or industrial properties, special purpose asset, etc. -?  income-producing and non-income-producing assets, located anywhere in the USA and select countries around the world.

TARGETED DSCR: 1.05 (case by case)

L-T-V RATIO: 50% to 70% of As-Is Value by independent third party MAI appraisal.

USE OF LOAN: Proceeds may be used for land development, real estate acquisition, construction costs, equipment, working capital, closing costs or cash-out.

PROCESSING: Approvals within 48 hours, commitments within 72 hours, and closings in as little as 15 business days.

EXIT FEE: In lieu of equity, a fee of 0% to 5.0% of the loan amount.

OTHER COSTS: Application Fee: $20,000 - $35,000 -- NON-REFUNDABLE if Loan Commitment is in compliance with lender's letter of Interest.

COMMITMENT FEE/POINTS:  Minimum of 7.0% Loan the Amount.

**  As-Is Value defined as a cash sale within a 180-day marketing period

Initial Documentation Required to proceed to a Term Sheet/Letter of Interest: