Terms of loans - asset based lending - hard money loan - real estate finance - fast funding of mortgages

Amount		Amounts of $1,000,000 to $50 million and above considered. We will lend from 50% of the Quick Sale Value of the collateral
Loan Criteria		The amount and terms of the loan offered are solely dependent on collateral offered
Collateral		Real estate preferred, but everything considered
Location		USA and some loans outside US considered
Credit Reports		Unnecessary and not used for loan underwriting
Interest Rates		Typically 12-18% in the first year, and more thereafter
Guarantors		Personal guarantees will be required
Fees		Typically 8% on funding. Commitment fees are also required.
Closings		We can close in days, if necessary.
Brokers		Welcome and protected.
Documentation Needed		Informal, but supply as much as you can as early as possible. This should include the amount needed, complete description of collateral offered, any appraisals obtained on the collateral, and environmental surveys carried out.