| Lending
area: |
Texas |
| Property
type: |
Commercial
& Investment (all types, incl. raw land) |
| Collateral: |
First
mortgages |
| Loan
size: |
Loan size: $250,000 - $2,500,000 |
| Loan
term: |
Up
to 3 years |
| Amortization: |
Interest
only monthly payments |
| Loan-to-value: |
Up
to 70% |
| Credit
Score: |
>
550 |
| Documentation: |
All
loans Stated Income / Stated Asset |
| Prepayment
penalty: |
None |
| Use
of proceeds: |
Business
use only |
| Rates: |
|
| Starting
at: |
11.875%
+ 1½ points. Click here
for Rate Sheet. |
