Lending Criteria
Types of Loans:
First, Second, and Third Trust Deeds
Types of Properties:
Non-Owner Occupied Residential
Multifamily
Office
Industrial
Retail
Land
Agricultural
Hotel & Motel
Senior Housing
Health Care
Cannabis-related
Special Purpose
Locations:
California, Nevada, and Arizona
Special Purposes That Are Allowed:
Construction
Entitlement Loans
Rehab
Loan Amounts:
From $100,000 to $25,000,000
Interest Rates:
7.99% to 13.99% depending on property type, Interest Only
Exceptions can be made on a case by case basis.
Higher LTV available with Equity Participation.
Loan Maturities:
3 to 36 months, No prepayment penalty, Extensions available
Loan to Value:
Depending on property
Generally up to 80% LTV
On rehab, up to 90% LTC but 80% LTV, whichever is lesser
3rd Party Junior Financing:
Permitted
Closing Costs:
Standard third party costs such as title and escrow
Fees:
Varies depending terms and scenario
Starting at 2 points
Circumstances We Will Consider:
Contaminated
Previously Unfinished Construction
Fire Damaged
In Bankruptcy
In Probate
Notes
Bulk
Mello-Roos
Bonds
Buy Downs