New Lending Program
Providing financing solutions
4th program
Hospitality • Industrial • Medical Office • Mixed Use • Multifamily • Manufactured Housing • Retail • Self Storage
$1,000,000 to $15,000,000
Up to 75% LTV (based on stabilized value)
Up to 85% LTC (based on transaction underwritingl)
Purchase • Refinance • Rehabilitation • Stabilization • Expansion • Situational
8.00% - 11.00% Fixed Rate (interest only)
1 to 3-Year Terms with Extension Provisions
3 to 5 Points to Lender
Interest Accrual and Exit Fees (on higher loan-to-cost transactions)
Primary, Secondary & Select Tertiary Markets
Minimum Population of 25,000 to 50,000
Senior Position (secondary financing prohibited)
Full / Limited Recourse
Full Funding with Holdback
CONTACT US
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HEADQUARTERS
625 Kenmoor Avenue SE, Suite 200
Grand Rapids, MI 49546
616.734.6099
[email protected]
