100% LTV Commercial Loan WITH 10% Prepaid-Interest Escrow
Basic Loan Terms :
Minimum Loan Amount $1 Million.
Construction/Development, Acquisition, Refinance.
Lender provides up to 100% Loan-to-Value financing. Cash-out is available on Acquisition. Borrower provides Liquid escrow deposit equal to 10% of Loan Amount - this serves as secondary collateral and is used for the initial Interest-only payments to assure performing loan. Interest-Only payments. Terms between 5 and 10 years. Non-Recourse. No Application or due-diligence fees. Borrower pays for lender site-inspection expense. No Pre-Payment Penalty. However, typically points ARE charged on this loan. Closing costs may be financed. Rates for this loan program average 6%. Lender may ask for minor Revenue-Participation in exchange for low Interest rate.
Other options may be presented at LOI - Letter of Intent (Offer of financing following Loan Request package).