Family office is making commercial real estate loans.
We can work with seller 2nds of 30 to 40%, borrower equity of 10% to 20%
Anything that comes out to a 60% LTV combined seller hold and buyer equity. Up to 70% LTV available.
Usually we can work with any appraisal or BPO - that you already have. At times we don’t need an appraisal at all.
Close in a week if no problems.
0 to 2 points lender origination.
1 to 2 points broker origination max.
Absolutely zero up front fees.
10 to 12% interest only with balloon.
12 month term. Max 6 months prepay period.
No land at this time.
Brokers protected. No broker chains PLEASE! If there is a broker chain, we don’t want to know about it.
loan@eriefund.com 440-637-5646