Loan Amount:


$1.0M to $10.0M

Interest Rate:


Starting at LIBOR +500

FICO Score:


660 minimum

Terms:


1-5 years

Our non-recourse loans are secured strictly by the subject real estate property. Therefore, if the borrower defaults, the lender can only seize the property as collateral and can’t seek out the borrower for further compensation or deficiency balance. This is the ideal loan product for borrowers who do not want personal liability for the loan yet still have favorable terms and flexibility.

PROGRAM HIGHLIGHTS

Loan Amount $1,000,000 to $10,000,000
Interest Rate Floating interest rates starting at LIBOR +500
Credit Score 660 minimum mid FICO
Terms 1 – 5 years (30-year amortization or interest only option)
Property Types Apartment/Multifamily (5+ units), Mixed-Use, Retail, Warehouse, Self-Storage, Office, Light Industrial, Student Housing, Assisted Living Facilities, Mobile Home Communities, Hotel (with an approved franchise agreement)
Loan to Value (LTV) Up to 80%
Occupancy Investor and Owner-Occupied (subject to minimum credit requirements)
Recourse Non-recourse to Principals except for bad-boy carve-outs; further guarantees may be required on a case-by-case basis
Loan Purpose Purchase, rate/term refinance, cash-out refinance
Borrower Individuals, Corporations, LLC’s, Partnerships, Trusts and other Legal Entities

KEY FEATURES

  • Higher Loan Amounts
  • Fixed Terms & Interest Only
  • Variety of Property Types
  • No Personal Liability

Simple 3-Step Process to Quick Funding

Submit Loan Request

Receive Letter of Intent

Underwriting and Funding

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