Hard Money Program Guidelines

Loan Terms: Loan Amount: Ranges from $1,000,000 to $300,000,000
Interest Rates: 9%-12% rate locked at execution of Commitment.
Maturity: 1 to 7 years interest only.
Prepayment: No prepayment penalties, loan may be repaid at any time during its terms in full or in part.
Security: First Mortgage/Deed of Trust. Loans are typically non-recourse. Personal guarantees may be used as a credit enhancement on “structured” deals
Rights to Transfer: Assumption may be permitted subject to review of new borrower and an assumption fee.
Fee Schedule: None

Due Diligence Fee: $0 to $30,000 depending on the size, complexity and location of the project. After execution of a formal Commitment Letter we MAY require a refundable Due Diligence Fee. In the event the loan does not close for any reason as a result of the actions of the Lender the Commitment Fee is fully refundable to the borrower.

Transaction Fee: 1%-5% of the gross loan amount.
Property Type: All property types.
Locations: North America, Caribbean, Mexico and Central America.