Loan Specifications
- Collateral: Multi Family.
- Lending Area: Texas only.
- Terms: 1 – 2 years.
- Amortization: interest only.
- Loan Amount: $500,000 - $5,000,000.
- Maximum LTV: 65%.
- Interest Rate: 12% - 14%.
- Origination Fee: 2 – 4 points at closing.
- Position: 1st lien only.
- Closing Time: as quickly as 1 – 2 weeks.