Loan Matrix
LOAN CRITERIA
| Interest Rates: | 11-15% |
| Loan to Value: | Up to 60% of Current Fair Market Value |
| Appraisal or Inspection: | Site inspection and comps required |
| Lien Position: | 1st only |
| Loan Amount: | $50,000 up to $200,000 |
| Loan Term: | Up to 8 years |
| Prepayment Penalty: | Negotiable |
| Origination: | 2 to 5 points |
| Loan Submission Requirements: | Loan Submission Form *1003 *Credit Report or Credit Authorization *Appraisal or Color Photos |
| Underwriting: | 72 hours for Approval |
| Funding: | 2-3 weeks |
| Geography: | NJ, PA, TX |
| Property Types: | Commercial and Investment Property Only |
| NOTES: | No Owner Occupied Residential |