Lending Parameters: Flexible and customizable for each transaction
Timing to Close: 24 hours (Residential) & 48 hours (Commercial)
Loan Size: Up to $20,000,000
Lien Position: First mortgage
Loan Term: 6 to 24 months, with renewals
Extensions: Available with a 1% renewal fee
Interest Rate: Starting at 7%
Amortization: Interest Only
Pre-payment: Flexible. Open on 1 month’s notice and payment of 1 month’s interest premium
Payment Frequency: Monthly
Reports: Appraisals, Quantity Surveyance, Environmental Reports, Insurance Reviews where applicable
Lender Fee: Starting at 1.5% of loan amount
Brokerage Fee: Up to 2% of loan amount