Terms	12.50% / 1 point / 12 months (At maturity, extend to 24 months by payment of 1 point extension fee)
Loan-to-value: Improved property purchase: Improved property refi: Construction: Land purchase: Land refi:	Up to 80% LTV Up to 70% LTV Up to 70% LTV Up to 70% LTV Up to 35-40% LTV
Lending area:	Texas
Prepayment penalty:	None
Loan sizes:	$750,000 to $10,000,000
Loan term:	Up to 2 years
Loan structure:	First mortgage
Property types:	Commercial & investment real estate, including raw land
Basic conditions to close:	Title commitment, survey, entity docs, appraisal
Other documentation:	Loan guarantor PFS
Third party fees:	Title, appraisal, legal
Use of proceeds:	Business use only