Wednesday, December 8, 2010

Casino Lending

Loan Program # 1

TRTY       Nationwide, Carribean & South America
AMNT      $500k - $20M
LTV         
Apartments    80%
                  Commercial   75%
                  Industrial         65%
INT           Starts at Prime + 2
PTS          1  (gives point back to Broker)
TRM         10 / 25
PPP          Varies
DSCR      1.15


Loan Program # 2

TRTY       Nationwide
AMNT      $2M - $100M
LTV          75%   (60% for Hotels)
INT           10 - 12
PTS           2 - 3
TRM         12 - 36
PPP          None

REO Purchase, NPN, PN, Distressed Properties,
No Up Front Fees


Loan Program # 3

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

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