Private Money lenders offer a great alternative to Banks for conventional financing.

 

- Faster closing times (90 to 150 days)

- Higher LTV's & LTC's

- Competitive rates & terms to Bank Loans

- No prepayment penalties in most cases

- Refundable Due Diligence Retainer Fees $0 to $75,000

 

Loan amounts range from US$10 Million Domestic & International to over US$1 Billion

 

Short and long term financing available from Private Money Lenders (3 to 15 years)

 

Interest rates typically are Fixed and competitive with Bank Rates

 

Lender fees range from 2% to 3.5%, Broker Fee is additional 1% to 2%

 

Project Reviews are currently taking 48 hours to 4 weeks (providing general terms only)

 

LOI's will be issued after the review period and must be acted on in 3 to 10 business days

 

Commitments are provided prior to closing (typically 30 days in advance)

 

Closing times are based from time full document package has been received by the lender after the LOI process