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Americap direct Finances
Location:
New York, NY
Description:
Commercial, Residential, Construction, Hard money, Hotel, Joint Venture, Apartments, Proof of funds! Commercial Lending First Mortgages Loan to Value Ratio Up to 75% (up to 100% in certain cases) Interest Rate 6.00% 12% Term 1 3 years; 5-25 years Amortization Interest Only Recourse & Non-recourse Lender Fee 3 5 Points Exit Fee None Extensions Yes Extension Fee: 1/2 1 Point Borrowing Entity: Special Purpose Entity Construction Lending Program Loan sizes range from $500,000 to $350 million. Term ranges from 12 to 24 months. Interest rates: spread over Wall Street Journal Prime Rate. Guaranty is full recourse for project completion and loan repayment. Subordinate mortgages may be permitted subject to secondary market loan guidelines and completion of lender due diligence and underwriting. Prior to closing, a suitable permanent loan commitment must be in place. Gap funding permitted subject to due diligence and underwriting. Typical due diligence fees apply which cover the costs of third party reports (appraisal, market feasibility if rental achievement is a requirement of permanent loan commitment, phase I environmental and plan & cost review) and other lender due diligence costs. The borrower is responsible for legal fees and customary closing costs. Conventional Lending Program Loan sizes range from $1 to $500 million. Term ranges from 24 to 25 years Loan to value from 70-85%. Interest rates: spread over Wall Street Journal Prime Rate. Guaranty is full recourse for project completion and loan repayment. Subordinate mortgages may be permitted subject to secondary market loan guidelines and completion of lender due diligence and underwriting. Prior to closing, a suitable permanent loan commitment must be in place. Typical due diligence fees apply which cover the costs of third party reports such as the appraisal, phase I environmental, plan & cost review, and other lender due diligence costs. The borrower is responsible for legal fees and customary closing costs. Call us for current rates ------------------------------------------------------------------------------------------------------------------------------------- Looking to Purchase and Rehab a Property? Fixing and flipping homes is a great source of income, but it can be difficult to find the right funding. In order to renovate a home and flip it for a profit, you need sufficient capital. UP TO 90% FUNDING AND $3 MILLION LOAN AMOUNT. 24 HOUR APPROVAL STATED INCOME OK Joint Venture Financing Terms: 70-90% equity financing Typically three to five year term Non-recourse financing No interest payments during term of investment Minority equity stake in lieu of interest Take out with permanent financing or sale Time to Closing: 90 to 120 days We specialize in the issuance of Bank Guarantees, Documentary Letters of Credit, and Standby Letters of Credit from Tier I and Tier II rated Banks, and Credit Enhancement financing. In addition, we are capable of issuing Back-to-Back letters of credit, drawn on any investment grade bank from around the world from $5,000,000 to over $2 Billion ------------------------------------------------------------------------------------------------------------------------------------------ (SBLC ) Standby letter of credit SBLC from $1,000,000 to $500,000,000 Same-day decisions* SBLC with swift message in as few as 2 business days* Flexible repayment options Call now! 916-743-XXXX Now! Americap-direct.com
Category:
Financial & Legal Services
Posted:
November 23 2023 on Claz
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