Interest Rate As Low As 8.49%
Contact Us For Assisted Living Facility Funding
Do you need short term financing for new construction or existing property? If so, we can provide immediate access to lines of credit with interest rate as low as 8.49%. We provide funding for all types of commercial real estate and residential property. Contact us to discuss your funding requirements.
Line of Credit Facility Terms
We provide line of credit facility size ranging from $500,000 to $10,000,000 + with term length 12 to 24 months. Line of credit origination fee from 0.5% to 1% and legal one time fee $2,500.
Loan Terms Within Line of Credit Property Types
We fund single family, multi-family and commercial properties located throughout the U.S. Locations include AL, CO, CT, DC, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MO, NC, NE, NJ, NY, OH, OK, PA, RI, SC, VA, WA, WI, WV, WY, UT. Other states are case-by-case and subject to adjusted pricing and guidelines.
Line of Credit Funding Purposes
We fund new construction, fix and flip, fix and rent and cash out refinance. Exit strategy sale or refinance. Loan term 6 months with extension up to 6 months. Interest rate as low as 8.49%.
Fees & Points
- Upfront Appraisal Fee: $595 (pass-through cost)
- Loan Origination Points: as low as 1%
- Processing & Underwriting Fee: $895 (paid at settlement)
- Draw Management Fee: $0
- Draw Inspection Fees: $295 per draw
Disclaimer: This is not an offer or commitment. Rates, terms and conditions may be changed without notice and are applicable only to the Preferred Line of Credit Program. These rates are based on qualification of project and borrower. Rates and terms may be adjusted if borrower or project does not meet underwriting guidelines. *Up to 100% of ground up construction cost. **Limit of the Loan to After Repair Value in addition to loan amount released at closing to as-is cost. ***Rate will adjust if extension is needed.