Loan Size: $50,000 to $10,000,000
| Collateral: |
Any Real Property
Interest or attachable Asset (cross-collateralization
allowed) |
| Loan to Value: |
Up to 70% |
| Term: |
6 months to 1 year (longer terms
may be available on an extraordinary
basis) |
| Interest Rate: |
9%-18% (dependent upon collateral) |
| Amortization: |
Interest Only (no prepayment
penalties) |
| Equity Participation: |
Negotiable |
| Commitment Fee: |
$5,000 or 1% of Loan Amount
(whichever is greater) as well
as travel expenses (if required
to verify collateral) |
| Origination Fee: |
3%-5% of Loan Amount (due at
closing) |
| Third Party Expenses: |
Responsibility of Borrower |
| Closing: |
As quickly as 5 days |
* - The above parameters are set forth
only to provide general guidance.
Each loan request is unique and Floodgate
Capital has the flexibility to structure
loans for almost any situation.
