Lantern Financial Corp.

Bridge Loan California Bridge
Property Types	2-4 Units, Airbnb, Automotive, Cannabis Related, Condo, Gas Station, Industrial, Mixed use, Multi Family, Office, Place of Worship, Retail, Self-Storage, Senior, SFR, Single Room Occupancy, Strip Center, Warehouse
Lendding Area	california
Loan amount Minimum	$50,000
Loan amount Maximum	$2,000,000
Interest Rate Minimum	8%
Interest Rate Maximum	11%
Terms	1 year, 18 month, 2 year
Typical Days Required to Fund	20-30 Business days
Interest Only or Amortized	Interest Only
Entities	LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation, Foreign Nationals
Lien Position	1st
General Pricing or Guideline info	Stated income – no tax returns! • Vacant properties with no operating history • Owner occupied SFR’s OK (business purpose only) • Most loans close in 10 or less working days • Up to 60% LTV (CLTV up to 80%)
Updated as of	2023-03-28

Bridge Loan California Bridge Land
Property Types	Land Entitled, Land Non-Entitled
Lendding Area	california
Loan amount Minimum	$50,000
Loan amount Maximum	$2,000,000
Terms	1 year, 18 month, 2 year
Typical Days Required to Fund	20-30 Business days
Interest Only or Amortized	Interest Only
Entities	LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation, Foreign Nationals
Lien Position	1st
Updated as of	2023-03-28

Long Term Commercial Loan California Bridge
Property Types	2-4 Units, Airbnb, Cannabis Related, Condo, Gas Station, Industrial, Land Entitled, Mixed use, Multi Family, Office, Place of Worship, Retail, Self-Storage, Senior, SFR, Single Room Occupancy, Strip Center, Warehouse
Lendding Area	california
Loan amount Minimum	$50,000
Loan amount Maximum	$2,000,000
Interest Rate Minimum	8%
Interest Rate Maximum	11%
Terms	20 year
Typical Days Required to Fund	20-30 Business days
Interest Only or Amortized	Interest Only
Entities	LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation, Foreign Nationals
Lien Position	1st
General Pricing or Guideline info	Stated income – no tax returns! • Vacant properties with no operating history • Owner occupied SFR’s OK (business purpose only) • Most loans close in 10 or less working days • Up to 60% LTV (CLTV up to 80%)
Updated as of	2023-03-28

Summary of all Guidelines
Loan Types	Bridge Loan, Commercial Loan, Hard Money Loan, Rehab Loan
Property Types	2-4 Units, Automotive, Cannabis Related, Gas Station, Industrial, Land Entitled, Mixed use, Multi Family, Place of Worship, Retail, Self-Storage, Senior, SFR, Strip Center, Warehouse
Lendding Area	california
Loan amount Minimum	$35,000
Loan amount Maximum	$1,500,000
Interest Rate Minimum	8%
Interest Rate Maximum	11%
Points Minimum 1st TD	1.5
Points Maximum 1st TD	4
Terms	11-20
Interest Only or Amortized	Interest Only, Amoritzed
LTV Bridge	60
Upfront Fees	Appraisal, Environmental
LTV Long Term Rental	60
Personal Guarantee /Recourse Required	Personal Guarantee Not Required / Non-Recourse
Intended Occupancy	Owner, Tenant
Consumer Purpose Occupancy Types - 1st Mortgages	No

Lantern is fast, professional, friendly, easy to deal with, and, as a direct lender, features
certainty of close. We have been in business since 1993 and have a well-earned reputation for honesty and integrity; when we say we yes, we mean yes!

Those of us who run a business know how vital a dependable credit facility is. We borrow to take advantage of opportunities in the marketplace.

We had a business owner come to us because one of his competitors was going out of business and he was able to purchase the entire stock of his competitor and turn a nice profit because Lantern Financial was there with the necessary funds. That is what we do.

One of your tenants skipped after doing damage to one of your rental units. You may have a prospective tenant but need cash for paint, carpet, new drapes and a new sink. Lantern Financial will get you the money to completely renovate the unit in as little as 7-10 business days. That is what we do.

You’ve got four grown sons and three stores. You need money to open a fourth store. That is what we do.

No matter how small or large your business is, at some point you may need a loan. When that happens, call Lantern Financial. If you have equity, we have a loan for you. We are, “The YES we can” company.

You may own a small café and need additional space. The store next to you has become vacant. With enough money you could buy it and expand. That is what we do.

The IRS slapped a $750,000 tax lien on your business but your house has equity. Yes! You can use your own residence for a business purpose loan. And, Yes! we can get the IRS off of your back so you get back to making money again. That is what we do.

These were examples of real situations. Business people who saw an opportunity and with Lantern Financial turned adversity into profits. And “Yes we can” do it for you too. If you have equity we have a loan for you.

LOAN TYPES

First Trust Deeds
Second Trust Deeds
(case by case)
Partially Amortized
Interest Only
Fully Amortize

PROPERTY TYPES

Mixed Use Properties
Places of Worship
Industrial Warehouses
Convenience Stores
Warehouses
Single Family
Retail Shopping Centers
Strip Centers
Automotive/Gas Stations
Retail/Mixed Use
Rehabs/Flips

PROGRAMS GUIDELINES

Flexible Credit Underwriting
No set debt coverage ratios
No upfront fees
California Only
Business purpose loans
Probate Loans
Loans from $35,000 to $1,500,000
LTV’s up to 60%
1 Day Approvals
Fast Funding, Emergency Loans Available in Less Time

Lantern Financial Corp. is located in Sherman Oaks, California. They offer financing for Bridge Loans, Hard Money Loans, Commercial Loans and Rehab Loans. The property type they primarily lend against is SFR, 2-4 Units, Automotive, Cannabis Related, Multi Family, Industrial, Retail, Mixed use, Gas Station, Land Entitled, Place of Worship, Self-Storage, Senior, Strip Center and Warehouse. Their minimum loan amount is $35,000. Their maximum loan amount is $1,500,000. They offer loans for a minimum Term of 6 months. Maximum duration of 11-20. Although rates can change they are typically lending at a minimum rate of 8%. Maximum interest rate of 11%. Points charged are deal specific, but historically have charged a minimum of 1.5. Maximum points charged are 4.

These descriptions are limited information and meant for general reference purposes.