Loan
amounts may be up to 75% of the disposition
value of the collateral. This percentage is based on an
estimate of the cash sales price for a 90-120 day sale. If
the loan is intended for
construction or renovation, the loan amount may then be
based on the improved value, and would be disbursed in
stages.
Depending
upon collateral, rates (as of 7/06) start at 9% interest
only. In lieu of equity, a fee of 0-10% may be required.
Interest rates for international transactions are generally
higher then domestic loans. Short-term real estate secured
loans are available to meet the many needs of our clients
for many different situations, including the following:
Loans are made for
business purposes only and may be repaid at any time
without penalty with flexible loan
terms up to one to five years.
Loan sizes range from $1M
to over $100M
nationally, with a $3-5M minimum for international loans,
and are collateralized with real estate and other fixed or
liquid assets.
