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| SMALL SIZE LOAN PROGRAM |
| LOAN AMOUNT |
$200,000 to $3,000,000
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| GEOGRAPHICAL AREA |
New York City MSA, New Jersey, Western Connecticut
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| TERM |
6 months to 2 years
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| RATE |
8.0% to 14.0%, fixed or floating
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| LOAN FEE |
1% to 3% of loan amount
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| AMORTIZATION |
Typically interest only
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| CLOSING |
As quickly as 3 days
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| COLLATERAL |
First mortgage
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| PROPERTY TYPE |
Multi-Family Residential, Office, Retail, Warehouse/Distribution, Industrial, Land
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| CONSTRUCTION |
Yes
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| RECOURSE |
Yes
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| PREPAYMENT |
Limited
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| LTV/LTC |
Up to 90%
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| DUE DILIGENCE COSTS |
Borrower is responsible for all legal charges, third party costs and other out-of-pocket expenses
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| BROKERS |
Brokers are welcome and protected
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| COMMENTS |
A program designed for entrepreneurial investors seeking high leverage and rapid closings. Typical properties include 1-4 family homes requiring a level of renovation or even ground up construction. The level of documentation for such loans is negotiable but will effect rate.
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