Feature | Characteristics |
---|---|
Loan amount | From $250K to $20 Million |
LTV | Up to 60% max |
CLTV | May be allowed on a case by case basis up to 75% |
Loan term | Up to 36 months |
Minimum Fico required | None |
Prepayment penalty | None |
Exit fee | None |
Interest rate | Starting at 12% |
Lending | Nationwide lending. NO rural areas (minimum population required 100K) |
Acceptable property types | Office, medical/dental, office condo, warehouse, multifamily, mixed use, retail, strip centers, assisted living facility, day care, flagged and non-flagged hotel/motel, other property types considered on a case by case basis |
Interest only payment | Available |
Closing time | Can close as fast as 30 days with full package |