Lending Parameters

 

 

Rates start at 8.50% Click Rate Sheet.
Lending area: Texas (Other states considered for Texas residents)
Property types: Commercial & investment real estate, including raw land
Loan structure: First mortgage
Loan sizes:
Typical:
Construction:
RLOC:
$100,000 to $10,000,000
$500,000 to $10,000,000
$500,000 to $10,000,000 ($100K min. balance; $50K min. draws/paydowns)
Loan term: Up to 2 years
Loan-to-value: Up to 85% LTV
No amortization: Interest-only monthly payments. Option to capitalize interest may apply.
Basic conditions to close: Title commitment, survey, entity docs, appraisal
Income documentation: State income and provide personal financial statement.
Prepayment penalty: No prepayment penalty nor obscure exit fee
Use of proceeds:
Business use only