We specialize in "Quick Closing Commercial Loans" to qualified Borrowers. We can help those people that need some time to qualify for an SBA or Commercial Loan where 2 to 3 years of P&L statements may be required or to improve their credit scores and/or other financial issues so that they can ultimately secure a low-interest, conventional commercial or SBA loan at some point in the near future. 
Our client's SUCCESS is paramount!

Our target loans have the following characteristics:

• Amounts: $70,000 up to $2,000,000.
• Quick Closing: Loans can be completed in as little as 7 to 10 days, when funds are available, and the Title Company involved can complete their necessary paperwork to effectuate the loan.
• Construction Loans: At this time, we do NOT offer loans for construction projects, unless the project consists of prefabricated housing, wherein we can obtain a lien on the manufactured home‘s title.
  
• Interest Rates: Our rates are extremely competitive for Private Lenders. The actual rate is contingent upon the Borrower’s credit report / credit score, payment histories, debt to income level, the type and income generation capability of the property to be encumbered and the Loan to Value Ratio (LTV) of the collateralized property. Interest Rates for “raw, undeveloped land” are significantly higher.
  In some cases, our rates may be variable and tied directly to the changes in the Prime Lending Rate as published daily in the Wall Street Journal.
  Call for updated Rates & Discount Points.
  
• Discount Points: A Discount Point prepayment on the Net Loan Amount (calculated as follows:
  NET Loan Amount x Discount Points % = Discount Point Payment) is required at loan closing based upon the creditworthiness of the Borrower and the actual Interest Rate of the Loan. Discount Points are "pre-paid interest", paid to the Lender by the Borrower, to obtain a commercial mortgage loan to cover the expenses of loan origination (due diligence research, personal appraisal of the subject property, in-depth financial analysis of the subject property, working with Co-Lenders to secure the financing, document preparation, interface with the title company and/or to lower the overall Interest Rate).
  The minimum Discount Point charge is 2.00% of the NET Loan Amount.
  This amount can be paid for by the Borrower upfront in cash or optionally added to the "NET" Loan Amount, where the Discount Point Payment will be paid to the Lender at the loan closing. Title Insurance company charges, including the cost of a Lender’s Title Insurance Policy, are not included and would be the responsibility of the Borrower to pay such fees, again at title closing.
• Collateral: The Loan must be secured with commercial real estate… there are NO exceptions. We will even do loans collateralized by two or more properties in multiple counties, if needed, to satisfy the Loan to Value (LTV) ratio requirements. We can get creative!
  Furthermore, the loan must be a “First Position Deed / Lien” on the collateralized property (or properties) secured by a county recorded Deed of Trust.
• LTV – Loan to Value ratio target: up to 70% maximum.
  This is the (Net Loan Amount) divided by the (Real Estate Value based upon our own internal valuation and/or a Commercial Appraisal).
  Typically, 50% LTV or less for raw, undeveloped land.
  The actual “Value” is based upon our own proprietary appraisal which takes several factors into account, along with a full financial analysis of the subject real estate to determine its income generation capability and sustainability.
• TERM – Target loan amortization period: is up to the client.
  We offer 10 to 33-year (120 to 396 months) amortization schedules to tailor the Borrower’s Monthly Scheduled Payment to their particular needs and situation.  We provide the Borrower with a Loan TERM Matrix chart to show how the various Terms affect your payment, Balloon Payment residual amount, and Total Interest paid on the loan.
• Balloon Payment Period: All loans have a 3-year BALLOON PAYMENT requirement.
  After 36 months, the client must secure another loan to pay off the remaining loan balance. This gives the client an incentive to improve their financial health, credit score, P&L Statement, etc. in preparation to secure an SBA or conventional commercial mortgage loan in the near future or start a new business where 2 – 3 years of P&L statements, or schedule E rental income on the Borrower’s tax returns are required for SBA or other conventional commercial loans.
  
• Extension: We will consider extending the loan, for another 1, 2 or 3 years if needed, (at our discretion) but interest rates would be negotiable based upon changes in the Prime Lending Rate since loan inception, your payment history with us, your credit score and your current credit report at that future time.
  
• Pre-payment Penalty: None, if the loan is held (not refinanced or subject property sold) for a minimum of 2 years on a 3-year Balloon Payment Schedule as follows:
  If the loan is paid in full prior to 2 years (up to and including payment #24), the following Discount Point Pre-Payment Penalties apply at the loan payoff date:
  
  • If paid in full in less than 13 months (Payment #1 - #12), an additional 2% Discount Point Payment is added to the loan payoff balance (2% of the original Net Loan Amount).
  • If paid in full after 1 year and before 25 months (Payment #13 - #24), an additional 1% Discount Point Payment is added to the loan payoff balance (1% of the original Net Loan Amount).
  • Optional “Extra” payments are accepted with any payment, directly reducing the Principal Balance of the loan and effectively reducing the overall interest paid on the loan.

• All loans are secured with a county recorded “Deed of Trust with Assignment of Rents” and an accompanying notarized “Promissory Note Secured by Deed of Trust”, drafted by the Lender which are provided to the Borrower for review prior to closing the loan.
• We encourage our clients to work on improving their credit scores and/or other financial issues that previously prevented them from obtaining a “conventional” commercial or SBA loan.
• We want our clients to look at a loan from us as a bridge to help them secure a needed investment property or update an existing commercial property until they can obtain a lower-interest rate loan from more traditional lending sources.
• We work with our clients throughout the entire loan period, providing business consulting along the way, to ensure success in refinancing as soon as possible.