Hard Money California

Short term capital, which is commonly referred to as Private Lending, Hard Money, or Bridge Loans. We will lend against commercial property with advance rates up to 60% of appraised value and can close quickly.

Acceptable Market area: California

Guidelines:

Product Type:	Hard Money, Bridge loans - First Trust Deeds only
Property Type:	Commercial, Industrial, Special use property, Multifamily
Loan Amount (min/max):	$500,000 to $10MM
LTV (max):	60%
Amortization / Term:	Interest only
Minimum FICO:	n/a
Minimum DSCR:	1.0x
Doc Type:	SIVA (Stated/Verified)
Interest Rates:	8.9% to 9.9%
Loan Term:	30 days to 12 mo. with 6 mo. extentions, up to an add'l 12 months
Pre-payment Penalties:	None
Competitive Advantages:	Quick closings, Creative Debt Structure

Hard Money Loan Submission Form

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Daily FHLB	8/25/10
Prime Rate	3.25%
90-day LIBOR	.35%
6-Month LIBOR	.58%
5-Year FHLB	1.89%
7-Year FHLB	2.59%
Weekly SWAP	8/25/10
5-Year SWAP	1.65%
7-Year SWAP	2.16%
10-Year SWAP	2.63%
Daily SWAP	8/25/10
2-Year SWAP	.66%
5-Year SWAP	1.65%
10-Year SWAP	2.63%
Other Rates	8/25/10
SBA 504 Debenture Rate	4.93%
NMTC 25-Yr Fixed	7.1%