Loan terms & conditions
- Lending Programs: All types of loan.
- Loan Size: $100,000.00 – $50M +
- Interest Rate: 7% (AR).
- Term: Short & Long-Term program tailored to fit different loan scenario (6 months – 15 years).
- Repayment Type: Interest Only.
- Loan-to-Value/Loan-to-Cost: Up to 70% of Stabilized Value
- Origination/Exit Fee: 0.5 – 3.5 POINTS
- Security: First Mortgage Lien or Deed of Trust.
- Assignment of Payment Protection Insurance Policy / Loan Protection as Collateral.
- Recourse: Recourse and Non-Recourse are available.
- Collateral: Collateral and Non-Collateral. All Commercial RE Property Types, including Specialty Uses and Land.
- Down Payment: Borrowers are subjected to make a down payment at closing (refundable).
Approval requirements
Loan approval is subject to verification of all information you provide and satisfaction of various conditions including, but not limited to the following:
- Scanned copy of any Government Issued Identification (front & back).
- Scanned copy of a recent utility bill carrying your residential address.
- Fully executed purchase agreement (if applicable)
- Property appraisal (If applicable)
- Past 24 months of residence with complete address
- Length of Time at each residence
- Name and address of landlord (if renting)
- Employment History (if applicable)
- Employer’s names and address for last 2 years
- Current Pay Stub
- Dates of Employment
- Two Years of W-2s (most recent)
- If applying as an Entity, provide Articles of organization.
- Applicant must be upto 21 years of age