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“Stated” Commercial Loan Program
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Bridge/Mezzanine Loan Program |
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International Incorporation Services
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Nationwide Program Loan Size: $500K with no maximum Interest Rate: 5-7 points above the WJS Prime Rate Amortization: Interest Only without pre-penalty payments. Term: 12 months to 60 months Loan to Value:
Tier I (up to 75% LTV)
Warehouses, Industrial, Office Buildings, Apartment Buildings, Self
Storage, Retail Funding Fee: 2.5% to 5% taken at closing from loan proceeds Closing Term: Closing within 2-3 weeks
Letter of Interest Fee: $0 Commitment Letter Fee: $2,500 to $7,500 to cover underwriting, attorney fees, site inspections, processing and other fees in association with closing the loan. Fees may vary for international files
Worldwide Program Property Types: All commercial property types considered, including land Lending Area: Worldwide Loan Size: $1 Million to $50 Million Interest Rate: 12% to 16% Amortization: Interest Only without pre-penalty payments. Term: 12 months (Can be renewed up to 36 months) Loan to Value: 50% to 75% depending on property, 100% of construction cost Funding Fee: 2% to 10% taken at closing from loan proceeds Closing Term: Closing within 2-3 weeks
Letter of Interest Fee: $7,000 Commitment Letter Fee: $15,000 to $100,000 to cover underwriting, attorney fees, site inspections, processing and other fees in association with closing the loan. Fees may vary for international files.
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