Short Term Loans

Our primary focus is short-term loans secured by real estate. Our guidelines are as follows:

• Loan Amounts - $1,000,000 - $10,000,000+
• Security/Collateral - First mortgages on real estate having values substantially in excess of the loan amounts. Depending on the sponsorship of a transaction, we will sometimes consider a second mortgage position as supplemental collateral.
• Maturity - Six months to two years.
• Interest Rate - 13-16% per annum. Interest only, paid monthly.
• Guaranty - In addition to the real estate collateral, we require personal guarantees.
• Closing Fee - 3-6% of the loan amount.
• Commitment Deposit - With the acceptance of our letter of intent we require a commitment deposit of 1/2% of the loan request, subject to a $15,000 minimum. These funds are used to pay our direct costs relating to the loan. If, after initial due diligence, we elect not to proceed, the unused balance of the deposit is returned to the applicant.