BiggerPockets

HLU consistently works with a select group of intermediaries around the country and these relationships continue to bring prospective borrowers to HLU for several reasons. The reasons would include: rapid decision making and swift transaction closings, certainty of closing, privacy of our borrower's financials, flexibility allowing creative solutions within the scope of HLU's underwriting criteria and experienced professional management to analyze, structure and close the transition.

HLU CURRENT FOCUS:

Type of Collateral:


 Office Buildings
 Apartment Buildings
 Shopping Centers
 Mixed Use
 Owner-Occupied Facilities
 Light Industrial
 Hotels/Motels
 Churches
 Gas Station/Convenience Store
 Vacant Properties (not land)
 Marinas

Lending Parameters Overview:

Loan Size: $1,000,000 to $50,000,000
Interest Rates: 11% - 13%
LTV: Up to 75% on income producing properties
CLTV: Up to 90% on income producing properties
Origination Fee: 3-8% taken at closing from the loan proceeds
Loan Terms: 1-3 years
Cash Down: Borrower needs at least 10% cash into project (acquisitions)

Letter Of Intent:

If a prospective client meets our lending criteria, we will prepare a Letter Of Intent FREE of charge once we gain the following information:
1. Name and address of the borrower
2. Names and addresses of the principals of the borrower
3. A detailed description of the collateral including he entitlements (recent appraisal)


HLU Lending Group, Santa Clarita, CA