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Follow on Google News | 100% Commercial Loans, Hard Money, & SBLCObtain 100% LTV commercial loans, hard money, and standby letters of credit for low fees.
By: Darlene Blankenship 99% LTV (Min 1 million) Based on merits of the project Must show the ability to pay loan back 1.5% in escrow account at approval released back to client at funding 6% to 10% int rate, risk based pricing If client does not have 1% can finance it. JV position for 100% financing 5-7 yr term IO payments Can finance up to 3yrs of interest with no payments Hybrid program Min 20 Mill 3% in escrow. Applied toward closing costs No sourcing of funds 6.5% to 8.5% int only 5yr balloon Can finance the down payment, (returned at closing by adding to principle) Project Create jobs ROI of 19% or greater All lender fees financed at COE SBLC (min 5 million) 2 Options SBLC costs 8% upfront 8% must be in escrow at time of application 5.5% interest rate interest paid annually or bi-annually 1yr and 1 day term can be renewed annually (broker fees 3%) in addition 2nd option Same terms as option1 upfront fees not required until COE on SBLC 11% fee for SBLC (broker fees 3% in addition) Need POF's needed at application SBLC Process We do it backwards. We first get the Bank to issue a commitment to monetize the SBLC. Then we proceed get the SBLC For more information, go to : http://www.ShortSaleFundingNow.com End
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