Up to $15MM per loan
Not to exceed 75% LTV
Construction Term: 3 years primary interest only; Two, 1-year extension options amortizing
Bridge/Refinance Term: 3 year primary term, 1 year interest only; Two, 1-year extension options amortizing
Rates: Negotiated on a case-by-case basis.
Collateral: First Lien Deed of Trust on subject property
Recourse: Non-recourse to guarantor subject to standard carve-outs