Commercial RE and Land
USA Only please do not submit residential.
Property types: Most commercial property types considered including land
Lending territory: We lend in the United States and United States territories
Valuation criteria: Purchase price or commercial broker quick sell value
Loan-to-value: Up to 70 or 80% on purchases, but 20 to 30% cash is required from borrower at closing
Amortization: Interest only, monthly
Loan size: Strike zone is $800,000 to $4,000,000
Loan term: One (1) year term with renewals if paid as agreed
Interest rate: 12% interest only
Prepayment penalty: Usually there is no penalty
Time to closing: Time varies, but can be as short as ten (10) business days to one (1) month (beyond if borrower delays).
Our fee is 3% which is added to the loan and paid on closing.
Processing fee $900 (to cover backgound checks)
email office@olcfinance.com or office@uscomfin.com for simple application form.
Offshore Loan Centre
Global Financial Solutions
http://www.olcfinance.com
