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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.
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
Request Information
People's Choice Commercial Lending - 999 Douglas Ave Suite 3331 - Altamonte Springs, FL 32714
Office Phone: (407) 478-6000 Fax: (407) 478-6001
Email: information@mypersonallender.com
We lend through out the United States and Internationally
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