| Lending Area: |
USA, Selected International Markets |
| Minimum/Maximum Loan Amount: |
From $500k to $500 million |
| Minimum/Maximum Term: |
From 2 months to 3 years |
| Amortization: |
Interest only or flexible amortization |
| Rate: |
Varies depending on circumstances |
| Second Mortgages: |
To successfully structure certain types of loans, we will take second mortgage charges that facilitate a first mortgage financing subject to a minimum loan balance – typically these would price out slightly higher |
| Payment Frequency: |
Monthly – in some cases loans can include an interest reserve |
| Rate Hold: |
Varies, based on market conditions |
| Loan to Value: |
Up to 65% on commercial/ industrial/land and construction loans, higher loan-to-value ratios will be considered with collateral security. Up to 75% on select income producing multi-residential/commercial/industrial properties. |
| Appraisals/Opinions of Value: |
Existing appraisals from a qualified appraiser up to 1 year old are acceptable for commercial real estate financing |
| Recourse/Guarantor: |
Usually required |
| Turn Around Time: |
Once we have the salient information, we can usually provide a Letter of Intent within a few days, and approve a loan within two weeks |
