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COMMERCIAL MORTGAGE LOANS:
U.S. Capital Holdings® arranges & underwrites credit based as well as asset based private mortgage loans on non-owner occupied residential investment and commercial real estate including productive agricultural and standing timber plantation holdings nationwide. LOAN AMOUNTS: $100,000 to $10,000,000 LOAN / NOTE TERM: Credit based, partially amortized loans available with maturities up to 84 months and and amortizations up to 180 months. Asset based, interest-only private mortgage loan terms are from 6 to 18 months. INTEREST RATE: Credit based commercial mortgage rates start as low as 3.75% and our asset based, interest-only first trust deed mortgage rates fall between 8.9% to 12.9%. Loan rates are structured via a basis point spread above LIBOR. We offer both fixed and adjustable commercial loan and lease rates. SECURITY / LIEN POSITION: First (1st) trust deeds only on all loans. FUNDING / LOAN-TO-VALUE: For first mortgages, we fund up to 85% of purchase & rehab cost combined, not to exceed 65% of after-repair-value (ARV). LOAN ORIGINATION / POINTS: Generally 2% to 4% depending on terms and conditions of the financing. Minimum $2995 origination fee for all private mortgage and commercial leases & loans. BORROWER DOWN PAYMENT: 15% to 25% of total project cost |
REQUIRED CASH RESERVES:
15% to 25% of total project cost PRE-PAYMENT PENALTY: No pre-payment penalty after six (6) months. DEFAULT / RECOURSE: Personal guarantee typically not required (subject to underwriting) for asset based loans. Standard carve out guarantees and completion guarantees on real estate construction loans. CREDIT RATING (FICO): All credit ratings considered for asset based financing. No bankruptcies, tax liens or state/federal judgements. BORROWER INCOME REQUIREMENTS: None. However, the borrower must be able to demonstrate their ability to pay the scheduled monthly payments of their loan. CLOSING COSTS: Borrower pays all standard legal, closing and other out-of-pocket expenses. TIME TO CLOSE LOAN: Close in as soon as 10 to 30 days from application and deposit remittance. |
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