Real Estate Equity


What:

-        A loan based on real estate equity  combined with A/R facility)

-        Set-up as revolving (LOC)

-        Advance 80-85% of equity

-        LTV: 40-75%

Criteria:

-        Appraised value, location, amount & use of funds

-        Min $250k

Timing:

-        Commitment 3-6 months min

Costs:

-        Monthly fee 2%

-        Up front: small % of the advanced portion plus $1500-2000 for legal's