Commercial Loan Application

We give commercial hard loans just like any other bank or mortgage broker would, but we help when they turn you down. You must have an income and that your home have equity.

Requirements:
» Must Have Equity
» Personal Guarantee Required
» Reviewed Case by Case

Commercial Loans
» Up to 85% Loan-to-Value
» 12-to 24-month prepay
» Slightly higher rates
» Rate can be bought down at closing Assignment of rents required, if applicable

Development Loans
» Typically only take first position
» Significant down payment or land equity preferred
» Must approve plans and contractors
» Draw schedule with inspections used

Equipment Loans
» Higher interest rates than real estate
» Up to 60% LTV Loans made on:
» Farm equipment
» Construction equipment
» Manufacturing equipment
» Heavy Vehicles (dump trucks, tractor trailers, etc.)
» Large Autos (buses, limousines, etc.)

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Typical Specifications
Lending Area	Kentucky, Southern Indiana, Florida, Washington DC Metro Area, including Northern Virginia and Southern Maryland (other areas on a case-by-case basis.)
Loan Amount	$15,000 to $5,000,000+
Loan Term	30-Year Ammortization with One to Two Year PrePay Typical 2 Year Balloon on Homes Sold with Owner Financing
Interest Rate	11% to 15%, fixed 4% to 7% on Homes Sold with Owner Financing* *These are homes that we have sold from our own inventory.
Credit Requirements	No Minimum FICO or Credit Score Approved on a Case-by-Case Basis
Origination Points	None
Closing Costs	Actual Appraisal, Title Insurance, and Closing Costs Learn more about closing costs.
Closing Time	Typically 3-7 days

Credit Reporting

All of our loans are reported monthly to Trans Union. This improves our customers credit and increases their credit score. Learn more about our credit reporting process.

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