Timing: Loan decisions can typically be made within 48 hours from the receipt of the required item Timing: Loan decisions can typically be made within 48 hours from the receipt of the required items and documentation needed after loan approval and depending on the attorney’s time to draw up the loan agreement/contract, funding can occur within 3 to 7 days
Terms: The funding parameters, specific terms, timing, and costs will be based on the business analysis and overall risk assessment and strength of the project and the Principals. Since our sources are very competitive, the Principals’ project will receive the rate and terms that it deserves.
Loan Term: 3 to 10 years
Maximum Loan to Value: Up to 70% in most cases.
Interest Rate Range: 8.00% – 15.00%.
Points: 2.5 – 5.0.
Interest Only Payments.
No Repayment Penalties