Rocky Valley Properties is proud to introduce three of our newest services: 100% Commercial Loans, hard money, and Standby letters of credit ( SBLC ). Don't let the economy stop you from obtaining your dreams. These programs are available nationwide. For more information about each program see below, or feel free to contact us anytime.
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
