Lending
Area: California
Loan Size:
From $100,000 to $4,000,000
Loan Term:
1 to 3 years (longer terms considered on a case by case basis)
Amortization:
Interest only
Interest Rate:
10.5-12% (call for a quote)
Loan-to-Value:
Loans to 65% LTV (Maximum LTV determined on a case by case basis)
Debt Service
Coverage: Non applicable
Origination Fee:
2-5% of the loan amount (call for a quote)
Prepayment Penalty:
Typically the prepayment penalty
expires after the first one-third of the term of the loan
(negotiable)
Recourse: Conditional
upon specific transaction