Real Estate

Construction Loans for Commercial Properties

Program Highlights:
Loan to cost max 70% Debt Coverage 1:40 Interest only up to 2 years
Rate is currently 8.30% Points: 3 Must qualify for Mini perm / Perm
Take out

General Notes:
Properties must in located in area that has demonstrated a path of
growth. There must be commercial amenities adjacent, housing and good
employment base. There must be NO environmental hazards in the
immediate area (i.e. risk of landslide, flooding, fire, hurricane etc.
Without levels of liability insurance approved by lender). These are
just a few of the requirements and are at the sole judgment of the
lender's underwriting staff.

Equity participation may be required by lender. Borrowers must be able
to demonstrate industry experience and success. Third party
construction monitoring may be required by lender and cost to be paid
by borrower. Third party feasibility report may be required prior to
commitment. Depending on project and risk additional collateral may be
required during construction.

Borrower must demonstrate stable global cash flow. Borrower must have
positive global cash flow. Borrower will be required to provide up to
24 months interest reserve in addition to Cash Equity infusion. This
may be waived if borrower can prove stable positive global cash flow
to service debt (at lender's sole discretion) Borrowers must
demonstrate at least 10% liquid reserves after all required project
cash infusion.

Ed Ferree
Business Development Officer
ONE CALL LOAN

--
You received this message because you are subscribed to the Google Groups "Inside Real Estate" group.
To post to this group, send email to inside-real-estate@googlegroups.com.
To unsubscribe from this group, send email to inside-real-estate+unsubscribe@googlegroups.com.
For more options, visit this group at http://groups.google.com/group/inside-real-estate?hl=en.