|
Our
Specialty:
|
Quick
close private financing
Non-institutional
and non-regulated capital
More
flexible than institutional debt
|
|
Loan
Types:
|
Ø
Short term bridge
loans
Ø
Quick close
opportunities
Ø
Rehab/repositioning
Ø
Land development
loans
Ø
Bankruptcies/workouts
|
Ø
Building
acquisitions
Ø
Construction loans
Ø
Turnarounds
Ø
Foreclosures
Ø
Equity cash out
|
|
Property
Types:
|
Most
property types in
California
,
Arizona
, and
Nevada
.
|
|
Speed:
|
Closing
in 10 days, faster if necessary
|
|
Loan
Amount:
|
$1,000,000
- $30,000,000
|
|
LTV:
|
Up
to 75% of reasonable property value
|
|
Interest
Rate:
|
10%
- 14% depending on risk
|
|
Points:
|
2
- 4 points depending on risk
|
|
Term:
|
Typically
one year, extensions available
|
|
Recourse:
|
Usually
required although non-recourse is available
|
|
Easy
Process:
|
Appraisals
not always needed
Simple
loan documents
No
up-front fees
|
