Rates and Terms
- Property will be priority secured
- Interest rate 7% to 12% fixed
- Recourse
- Term 1 to 3 years
- May be interest only or amortizing with a balloon
- Maximum LTV is 65% of current value
- Fees may include: origination fee, document preparation fee, due diligence fee and legal fee
- No prepayment penalty or minimum interest after 6 months
- Loan guarantees required