Second Mortgage
Mezz
Program #LG33
Mezz
Program #LG33
Summary of all Guidelines | |
| Loan Types | Second Mortgage |
| Property Types | Gas Station, Industrial, Mixed use, Multi Family, Retail |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $1,000,000 |
| Loan amount Maximum | $30,000,000 |
| Interest Rate Minimum | 10% |
| Interest Rate Maximum | 12.25% |
| Terms | 18 month |
| Credit Score Min | 650 |
| Fees | Legal Review |
| Lien Position | 1st, 2nd |
| Prepayment Penalty | 6 months |
| Intended Occupancy | Tenant, Owner Occupied Business Purpose |
| Recourse | Non Recourse |
| Reserve Requirement | 10% of loan amount |
| Updated as of | 2024-02-20 |
These descriptions are limited information and meant for general reference purposes.
- Valerie Hapner
Commercial Loan Officer
