Our Private Equity Investment Funds provide 100% CLTV and 100% LTC Financing for Commercial Real Estate Property Purchases and Commercial Real Estate Property Developments (as well as Residential Developments/PUDs) based on the following primary financing program options.
Acquisitions, Developments, Rehabs and Expansions Included! (Land Purchases Covered!)
If you have a Commercial Real Estate Project or Property Purchase in need of 100% Debt or JV Equity Financing, please see let us know if the program options below are a fit for financing requirement and contact us to proceed to 100%CLTV or 100%LTC financing for your Commercial Real Estate Purchases or Projects today.
Option 1: 100% CLTV - ''Combined Loan To Value'' Debt Financing - (Purchases and Refinances)
**{e.g. 90/10, 80/20, 60/40, 70/30, 50/50 Structures provided for 100% financing}**
Loan Amounts: USD$1,000,000.00 to No Upper Limit
Interest Rates: 2, 5 or 10 year fixed U.S. Treasury rates from plus 1.50%
Amortization: 360 months
Personal Recourse: Not Required
Prepayment Penalty: 12 month prepay lockout; no prepayment penalty thereafter
Points: 1.00%
Maximum CLTV: 100%
Time to Close: Approximately 20 business days after all required documents have been received for underwriting review.
* The Debt Financing option provides fixed terms of 2, 5, or 10 years on a 30 year amortization
* The adjustment caps are .25 annual, 1.25% lifetime cap over start rate
Option 2: 100% LTC - ''Construction-To-Permanent'' Debt Financing - Development to Long Term Financing
* Development/Construction Rates are based on the LIBOR Index.
* Permanent Rates are based on the U.S. Treasury Index.
Loan Amounts: USD$1,000,000.00 to No Upper Limit With Combined Structuring
Construction Term: 1 year LIBOR plus .50%+/-
Perm Options: [ ] 2 year fixed//30 year amortization//from 2 year Treasury +1.25
[ ] 5 year fixed//30 year amortization//from 5 year Treasury +1.25
[ ] 10 year fixed//30 year amortization//from 10 year Treasury +1.25
Adjustment Caps: .25% annual, 1.50% lifetime cap over start rate
Deferment Provision: No payments during development/construction period. Payments ledger to the loan balance.
Prepayment Penalty: 12 month prepay lockout; no prepayment penalty thereafter
Personal Recourse: Not Required
Points: 1.00%
Maximum LTC: 100% of costs up to 80% of ''as completed'' value
Time to Close: Approximately 20 business days after all required documents have been received for underwriting review.
* The adjustment caps are .25 annual, 1.25% lifetime cap over start rate
The rates presented are accurate at this time and are not to be considered a rate lock until the Commitment To Fund is issued.
During the preliminary underwriting process, the Contingent Loan Approval with Proof of Funds to Close can be issued within business days after all requested documents have been received and passed underwriting review.
Closing costs may also be rolled into the loan to make it possible to net the total funding amount required at closing.
Once an Executive Summary is received, the appropriate Conditional Commitment and required Documents Check List can be provided to proceed with 1 to 3 business days.
Call: 1(931) 546-9010 or Email: legacygf@live.com to proceed with our PEI Funds toward 100%CLTV or 100%LTC funding for your CRE Purchases or Projects today.
