LOAN TYPES

 

*    Land Loans 

 We have available Land Loans up to 65% of Purchase Price and Closing Costs. 

 

Land Loans

Land Development Financing

Fixed or Floating Rate

65% LTV

 

*    Construction Loans

 We have available both Fixed Rate and Floating Rate Construction Loan Programs.  Floating Rate can be indexed to either Prime or LIBOR.

 

90% Construction LTC Program

Not to Exceed 80% LTV upon Stabilization

Retail, Office, Industrial, Multifamily, Residential  and Commercial Real Estate Development

 

*    Permanent Mortgage Loans

       Immediate Delivery

 

We have available Fixed Rate and Floating Rate Permanent Mortgage Loans from $500,000 to $30,000,000.

 

Forward Commitment

 

We have available based upon market conditions, Forward Commitment Programs that allows our borrowers to take the Interest Rate risk out of their transaction.

 

Mezzanine Financing

 

Our Mezzanine programs typically equal the difference between the first mortgage lending amount and 85-90% of the purchase price or project value.  It is important in today’s financing environment that the Mezzanine Financing Option is included in the “Capital Stack.”