Commercial Property Private Money Loan
Loan Size: $100,000 to $3,000,000
Loan Types: Refinance, Equity Cash Out (Commercial Purpose Only), Bridge Loans
Property Types: Light Industrial, Office, Multifamily (5+ units), Retail
Loan-to-Value (LTV): up to 65% for 1st Trust Deeds, up to 50% (CLTV) for 2nd Trust Deeds
Loan Term: 6 months to 3 years
Loan Position: 1st or 2nd Trust Deed,
Interest Rates: 9% to 11%
Fees: 2.5-3.5 points plus underwriting and attorney’s fees, No Junk Fees
Initial Underwriting Requirements: Loan Application, Credit Check, Income Verification, Appraisal or BPO