Loan Guidelines
Amount | $10 million to $50 million |
Rate | Fixed or floating 7.0% to 10% |
Amortization | Interest only available |
Purpose | Construction |
Loan To Value | Up to 80% LTV |
Loan To Cost | Up to 80% LTC |
Loan Term | 3 to 5 years |
Loan Fee | 1% to 2% |
Guarantees | Recourse and nonrecourse. Completion Guarantees required |