| LOAN AMOUNT : |
$1,000,000 to $50,000,000 |
| BORROWING ENTITY: |
Single asset, bankruptcy remote entity |
| TERM: |
1 to 4 years |
| RATE: |
9% to 15% |
| LOAN FEE: |
3% to 5% of loan amount |
| AMORTIZATION: |
Generally interest only |
| CLOSING SCHEDULE: |
As needed |
| COLLATERAL: |
First or second mortgage, assignment of equity or general partner interest |
| PROPERTY TYPE |
- Office
- Hotel
- Retail
- Retirement Facility
- Single or Multi-family Residential
- Warehouse/Distribution
- Land Development
|
| NOTES: |
Secured by any of the asset types listed above. |
| RECOURSE: |
Limited |
| PREPAYMENT: |
Allowed in full without penalty at any time. |
| FINANCIAL RATIOS: |
Loan-to-costs ratio of 80% or less |
| COSTS : |
Borrower is responsible for all legal charges, closing costs, and other out-of-pocket expenses. |
| SPECIAL FEATURES: |
JBS Financial Services can arrange for short term financing to allow borrowers to take advantage of special situations, where a quick closing is required or where conventional financing is unavailable |
