Wednesday, November 24, 2010

Auto Dealership, Service Station, Mechanic Garage, Lending

Loan Program # 1
TRTY      Nationwide
AMNT     $100k - $6M
LTV        90% O/O
             60% Commercial
INT        Prime + 2.5 - 4.5
PTS       1 - 3
TRM      5 / 20 - 25
PPP       5 / 4 / 3 / 2 / 1
CRDT    660

Will do Construction


Loan Program # 2

TRTY    Nationwide
AMNT   $600k - $4M (in house)
            LTV 60 - 65%
INT      Prime + or T Bill
PTS      2 - 4
TRM     12 - 36 months
CRDT   660 (Experian Only)
Docs    Full Doc Only

Loan Program # 3

Nationwide
Office Buildings    75% LTV                Int Rate  9 - 13%
Apartments          75                         CLTV (IPP Only) 90%
Mixed Use            75                         Points  4 - 6
Malls                   75                         Terms  1 - 3
Warehouse          75                         Amount  $300k - $50M
ALF                    75                         Credit  600
Hotels Flagged     65                         Down Pay Minimum 10%
Auto                   65
Owner Occupied  65
Vacant Bldg         60

Loan Program # 4

Territory      Nationwide
Amount       $500k to $50M
LTV             65%   (100% on construction budget)
INT             12 - 18%
PTS             2 - 13
TRM            12 - 36 months
PPP             No

Commercial, Land and Construction


Loan Program # 5

TRTY      Nationwide
AMNT     $500k - $15M
LTV        70% as is or purchase
             (But, if buy a property at 50% LTV, will give funds for rehab)
INT        11 - 12%
PTS        5 - 6
TRM       12 months
PPP        No

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