Loan Criteria

Loan Position 1st preferable, 2nd possible depending on CLTV*
Geography Northern California preferred, other CA locations possible
Loan Amount $100,000 to $2,000,000
Interest Rate Starting at 7.65%, generally fixed. Dependent on borrower credit, income, net worth, property cash flow, and property appraisal
Loan Original Fee 1.75 to 2.75 points
Loan Term12 to 60 months
Prepayment Penalty None, but minimum interest guarantee sometimes required
LTV**Up to 75% on 1sts and 65% on 2nds depending on property type
Closing Time As few as 5 business days

** LTV = loan to value (loan balance / property value)
* CLTV = combined balance of all incumbrances to property value

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