Lending Parameters
Rates start at 9.50% | Click Rate Sheet. |
Lending area: | Texas |
Property types: | Commercial & investment real estate, including raw land |
Loan structure: | First mortgage |
Loan sizes: | $1,000,000 to $10,000,000 |
Loan term: | Up to 2 years |
Loan-to-value: | Up to 80% LTV |
No amortization: | Interest-only monthly payments. Option to capitalize interest may apply. |
Basic conditions to close: | Title commitment, survey, entity docs, appraisal |
Documentation: | State loan guarantor income and provide PFS. |
Prepayment penalty: | No prepayment penalty nor any exit fee |
Use of proceeds: |
Business use only |