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FORBIX

Second Mortgage
Mezz - LG33

FORBIX

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.