Commercial Loans of all types
Commercial lenders It is a type of funding, typically from a private lender, that is backed by the value of the property, not by the credit worthiness of the borrower. It has lower LTV ratios than traditional funding because the property itself is used as the only protection against default by the borrower. The LTV is typically 50%-65%, and less for raw land.
This type of funding carries interest rates even higher than traditional subprime loans. Interest rates are 10.5% - 14.5%. They are Interest-Only and Non-Recourse with no Pre-Payment Penalty or Exit Fee. Up to 3-year term available.
We also fund residential but with all of it you have to have skin in the game. That's down payment money.
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