Emergency Loan 

If you have a distressed commercial property or maybe you have an incomplete development. We can help get the funds you need to save your project. We can arrange funding for an unoccupied or unfinished building, or for a developer stepping in to take over and complete a commercial project.

 LOAN AMOUNT:  $500,000 and up. 

BORROWER:  Owner/developer with track record. 

LOAN TERM:  1 to 3 years, interest only. 

PREPAYMENTS:  Loans may be prepaid at any time, after a possible lockout period, most with no prepayment penalties. 

INTEREST RATE:  Rates start at 12%.  Interest is paid monthly on the amount drawn based on the disbursement schedule.

COLLATERAL:  First mortgage on land, existing structures, and future structures.  

LTV RATIO:  Up to 75% of the as-is value and up to 100% of development costs.

USE OF LOAN:  Proceeds may be used for construction costs, real estate acquisition and related costs. 

ITEMS NEEDED:  Completed loan application, title report, appraisal, project overview, proposed building plans, cost projection for disbursement schedule, exit and re-payment plan, proof of funds for purchase of land and occasionally some other financials. 

FEES: Varies from project to project 

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