| Our funds are private, hence flexibility and speed are our hallmarks. These particular land loans aren't meant to compete with bank loans, but are suitable for any fast closing or creative deals, or even as substitution of equity. They are ideal for the speed and creativity required for today's distressed climate. Please call us at 202.244.3000 to discuss ideas on your specific transaction. | | Loan Amount: | $2M- $30M, Separate pool above $50M | | Geographical Limitations: | Anywhere in U.S.A and some Caribbean | | Use: | Residential and Commercial Developments, bank REO, Write-down, Whole Loan Finance | | Use of Proceeds: | Acquisition, Refinance, Horizontal Development & Return of equity (in limited cases). | | Term: | 1 to 3 Years | | Rate: | 13% - 15% | | Total Origination Fees: | 3%-7% of the Loan | | LTV: | 50% LTV, Higher in income producing cases | Secondary Finance:
| Will allow secondary/mezzanine finance behind our first position
| | Appraisal: | Typically NOT REQUIRED | | Recourse: | Typically NON RECOURSE, standard carve-outs | | Closing Time: | CAN CLOSE WITHIN 2 to 3 weeks. | | Lockout: | Typically no lockout. | | Amortization: | Interest Only | | Special Conditions: | May fund interest reserves; multiple disbursements, partial deed releases.IDEAL FOR BANK WRITE-DOWNS |
| Kyle I. Poole
Director
Land Finance Group, LLC
202.244.3000
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www.landfinancegroup.com |
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