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 |
