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> REAL ESTATE LOAN PROGRAMS
REAL
ESTATE LOANS
Updated August
27, 2011
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| Rehab
Loan |
| Purpose: |
Acquisition
and/or Rehab Monies |
| Loan
Amount: |
$30,000
- $1 million |
| Loan-to-Value: |
Up
to 73% of After-Repair-Value |
| Interest
Rate: |
18%
per annum |
| Origination
Fee: |
8
points |
| Length
of Term: |
12
- 24 months |
| Property
Types: |
Non-owner
Occupied Residential,
Commercial or Mixed-Use Properties |
| Lending
Area: |
-
Philadelphia & Surrounding areas
- Southern New Jersey
- Greater Houston & Surrounding areas |
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| Commercial
Bridge Loan |
| Purpose: |
Acquisition
or Refinance |
| Loan
Amount: |
$250,000
- $3 million
(will go as low as $30,000 in the Philadelphia
and the Houston metro Markets) |
| Loan-to-Value: |
Up
to 50% LTV |
| Interest
Rate: |
16%
per annum |
| Origination
Fee: |
6
points |
| Length
of Term: |
12
- 24 months |
| Property
Types: |
Residential
(5+ units), Commercial,
Office, Retail, Industrial,
Hotel, Motel, Gas Stations, Storage Units,
Unique Properties |
| Lending
Area: |
Nationwide
(All states except VT, LA, HI, AK, or DC) |
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|
| Raw
Land Loan |
| Purpose: |
Acquisition
or Refinance of Raw Land |
| Loan
Amount: |
$250,000
- $3.2 million |
| Loan-to-Value: |
Up
to 35% LTV |
| Interest
Rate: |
18%
per annum |
| Origination
Fee: |
10
points |
| Length
of Term: |
12
- 24 months |
| Property
Types: |
Vacant
Land (Improved or unimproved) |
| Lending
Area: |
Nationwide
(All states except VT, LA, HI, AK, or DC) |
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