| LOAN SIZE: |
$100,000 to $50,000,000 per
transaction/same project. Larger loans considered on a
case by case basis. |
| PROPERTY TYPES: |
All commercial property types considered, including vacant land and residential property for commercial purposes. |
| RATE: |
Income Properties 6-10 %
Land & Development Loans 11-14%
|
| SECURITY: |
First Position Trust Deed
or Mortgage
2nd Position consideded
|
| LTV: |
Maximum of 75% loan to value on sites improved with
marketable structures.
Lower
LTV for land only, specialty building or management intensive
projects. |
| COST: |
Our loan origination fees are based on the risk of the
deal, but average 1-2 points Minimum fee of $6,000. Other
closing costs include appraisal, title, doc prep, legal,
credit, lender fees and necessary due diligence. |
DOCUMENTATION:
(for a basic transaction) |
- Financial Statements (personal & corporate)
-
Operating Statements
- Income Tax Returns (last two years, personal & corporate)
- Preliminary Title Report
- Photographs (all angles of subject and surrounding area are very important!)
- Rent Roll &/or Lease Agreements
- Credit Authorization
- Credit Reports
- Broker Fee Agreement
|
| TIMING: |
Typical transactions require 30 days for review, processing, and funding. |
| CREATIVE TRANSACTIONS CONSIDERED: |
We will consider interest reserves, interest only payments, annual payments, multiple disbursements, partial deed release, participations, exit fees. |
| CONTACT INFORMATION: |
Jim Campasino
direct (509) 838-8200
fax (509) 838-8201
email: jim@icp4capital.com
Janette Kurucz
direct (509) 838-8200
fax (509) 838-8201
email: janette@icp4capital.com
Greg Roberts
direct (509) 838-8200
fax (509) 838-8201
email: greg@icp4capital.com
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