Looking for projects within the following parameters:
Asset Based, No Credit Requirements $1m to $90M-In House Funds Location: Primary & secondary markets,nationwide (48 states) Bridge Lending,Construction, Acquisition,Refinance Security: 1st mortgage bridge loan Property Types: office,retail,multi-family,industrial,land,hospitality,hotels/motels etc.. Horizon: 12,18,24 36 months Rates: 9-12% LTV: 50% (may go to 60% for stronger projects) No Pre Payment Penalty Interest Only option You must bring 10% of loan amount to the table.(No Exceptions) 1% put in escrow after commitment to fund issued and remaining 9% due at closing. We are looking for serious borrowers with viable projects.