International Loans

Peoples Choice Can arrange overseas loans ranging in size from $10 million to $200 million or more.

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. 

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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