Loan Terms

Loan Size	$500,000 to $30,000,000
Security	First and/or second mortgages
Funding Time	Typically two weeks or less. As fast as 48 hours under emergency circumstances when all loan documents are in order.
Borrower Profile	Prefer entrepreneurial, hands-on leasing and management, proven experience, local market presence, credit worthiness.
Loan to Value	Loans to 80% LTV, possibly higher LTV considered for purchase transactions with the use of additional collateral.
Loan to Cost	Up to 80%, possibly higher for special circumstances.
Debt Service	Target debt service of 1.15
Loan Fees	1% depending on type of deal and term.
Rates	Short Term fixed rates, fixed for 1,3,5,7 or 10 years.
Terms	10 years, shorter for construction.
Amortization	Typically 30 years but also interest-only option.
Recourse	All loans are recourse.
Prepayment Penalty	Minimum of 1% or Yield Maintenance for fixed period selected.