TERM: Flexible loan term up to several years or more
PREPAYMENT: Loans may be repaid at any time without penalty.
USE OF PROCEEDS: Loans are made for business purposes only.
LOAN TO VALUE: Loan amounts can be up to 50-65% of the market value of the collateral, based on the estimated cash sale price given a 90-120 day marketing time. If the loan is used for renovation or construction, the loan amount can be based on the improved value, and would be disbursed in stages.
RATES: Rates vary from 9-18% per annum, interest only, depending upon collateral and loan structure. Internationally, rates vary from 12-21%, depending on country.
EQUITY: In lieu of equity participation, a fee of 4%(U.S. only) of the loan amount may be included in the loan.
LOAN SIZE: From $3 Million to $300 Million nationally. Must be at least $5 Million
for international loans.
COLLATERAL: Real estate and other fixed or liquid assets.