Bridge Loan Express LOAN PURPOSE: Quickly and easily-obtained financing designed to "bridge" various situations ranging from acquisitions to facilitation of property improvement or leasing plans. PROPERTY TYPES: Office, retail, industrial, self storage, multi-family, mobile home parks, hotels, land. LOAN AMOUNT: Up to $5,000,000. Secondary financing is not permitted. INTEREST RATE: Interest only, floating over 30-day LIBOR. LOAN TERM: Up to 5 year term. AMORTIZATION: Interest only. ASSUMABILITY: No. PREPAYMENT PENALTY: Yield maintenance through term, final 12-months waived for clients who "roll" into a permanent loan product. Collateral: First mortgage on real estate DEBT SERVICE COVERAGE: Property Type DCR (Origination) DCR (Stabilization Office, Retail, Industrial 1.10 1.25 Multi-family, MHP 1.05 1.20 Self Storage 1.10 1.20 Hotels, Senior Living 1.15 1.30 Assisted Living 1.15 1.30 Land or Non-Rental N/A N/A RECOURSE: Full guarantee of all principals who own 20% or more of the business. Will consider non-recourse financing for certain situations. LOAN TO VALUE (LTV) / LOAN TO PRICE (LTP): Maximum of 80% - requires that a 20% cash investment be maintained in the transaction. ____________________________________
Do you have a deal that would fit the above BRIDGE LOAN Program? If yes, E-mail or Fax a brief Summary of your loan request TODAY! Quick Response! Quick Close! We are Commercial Loan Consultants direct to several Lenders nationwide, specializing in Commercial (Conventional & Hard To Place/Hard Money) Real Estate Loans and Business Loans. We would like to thank you for your time and the opportunity to share this information with you. Broker Inquiries are welcomed. Please keep us in mind for future commercial real estate related transactions. Quick Response! Quick Closing! Respectfully........ Myron Alford ALFORD, MARSH & ASSOCIATES Office 803.865.4010 Fax 803.753.9219 [EMAIL PROTECTED] (mailto:[EMAIL PROTECTED]) Asset Based Lending | Commercial and Business Real Estate Loans The information contained in this email and any attachments may be legally privileged and confidential. If you are not an intended recipient, you are hereby notified that any dissemination, distribution or copying of this email and any attachments is strictly prohibited. If you received this email in error, please notify the sender and permanently delete the email and any attachments immediately. You should not retain, copy or use this email or any attachment for any purpose, nor disclose all or any part of the contents to any other person. This does not apply to forums which the sender has subscribed to. Alford, Marsh & Associates and its related entities reserve the right to monitor all email communications through their networks. <BR><BR><BR>**************************************<BR> AOL now offers free email to everyone. Find out more about what's free from AOL at http://www.aol.com. --~--~---------~--~----~------------~-------~--~----~ [RealEstateDeals] A part of http://realestatezoo.com Apply online for commercial real estate loans in just minutes at http://realestatezoo.com You received this message because you are subscribed to the Google Groups "RealEstateDeals" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/RealEstateDeals -~----------~----~----~----~------~----~------~--~---
