STANDARD LOAN PROGRAM: $500,000 to $20,000,000.
SMALL LOAN PROGRAM: $100,000 to $500,000.
TYPES OF PROPERTIES: Apartments, Office, Retail, Industrial, Mixed Use.
TERM: Up to 15 years with a 25 year amortization.
RATES: Market rates, currently in the 7 to 7 ½ % range.
LTV: 70% on most with up to 75% on apartments.
APPRAISALS/THIRD PARTY REPORTS: Willow will order any third party reports; MAI appraisals, environmental, engineering, etc.
UP FRONT COSTS: There is a small application fee, and Borrower must pay all 3rd party inspection/report fees.
UNDERWRITING STANDARDS AND DUE DILIGENCE: Normal bank underwriting criteria apply. Full package expected.
FEES AND POINTS: 1 to 2%, paid to Willow/Union.
GEOGRAPHICAL LOCATIONS: As of July 1, 2009 this program will be limited to the Eastern U.S. However, plans are to expand this program to the West Coast are under consideration.
Subscribe to:
Post Comments (Atom)
Hello everyone, I'm Patricia Sherman in Oklahoma USA right now. I would like to share with you my experience of borrowing USD $185,000.00 to clear my bank draft and start a new business. It all started when I lost my house and I took my stuff because of the bank policy and I met some bills and some personal needs. So I became very desperate and started looking for funds in every way. Fortunately for me, a friend of mine, Linda told me about a credit company firm, I was intrigued by the fraud, but I was intrigued by my situation and had no choice but to get advice from my friend about this company. contacting them really doubted me because of my past experience with online lenders, did you know that little? '' Elegantloanfirm@hotmail.com This company has been very helpful to me and my colleague and today, thanks to this credit company, the proud owner of well-organized work and responsibilities, they smiled back at me. So if you really need to grow or start your own business, or if you really need to borrow money in any financial hardship, we recommend you find a financial development opportunity in your business today. {E-mail:} Elegantloanfirm@hotmail.com / whats-app number +393511617486.... online for credit not a victim of scam Thank you.
ReplyDelete