International Financing Solutions
A Division of Sean Allen, Inc.
Ofc: 239-482-6866 Fax: 888-482-6860
Sean Cell: 239-898-9281 Email: sallen11867@aol.com
Skype: sean.allen5
www.InternationalFinancingSolutions.com
www.GlobalCommercialFinancing.com
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March 2009
Commercial
Bridge Loans / Hard Money Loans
****Fast Closings****
Guidelines:
- Loan Amounts from $3 Million to $35 Million
- Max LTV is 65% of the current “As-is” Market Value
- Available Nationwide on Commercial Properties
- Loan Terms from 12 months to 36 months
- Interest Reserves can be built into the loan
- Interest rates from 9% to 16%
- Interest Only Loan Payments or Interest Reserve
- Lender’s fees will be between 2% to 10%
- Closings as fast as two weeks from submission
Initial information Needed to Review File for Financing.....
- Detailed Executive Summary which includes the following information…
A. Description of property (# Units, Current As-is Value, Sq. Footage)
B. Loan Amount & Detailed Use of Funds
C. Date of Purchase w/ Amount & additional money spent on property
D. Debt Service: Where is the money to make monthly payment?
E. Loan Term Requested: How long you need the loan & why.
F. Exit Strategy: How will you repay the loan? Refinance / Selling?
G. Why are you applying for a Bridge Loan and not a conventional loan?
H. Personal Financial Statement
J. Recent Appraisal with Color Photos of various angles of property
K. Recent Tri-merged credit report (credit score does not matter)
Cross Collateralization:
If the borrower has a few properties which they are interested in using as collateral, this lender can combined all the properties together and lend up to 65% of their combined “As-Is” value. All current liens would have to be paid off with the bridge loan.
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If you or your client needs a Commercial Bridge Loan or Commercial Hard Money Loan, we have quite a few different funding sources which can handle these needs. The lender we use will depending on the property type,
it’s location and the amount needed.
Sincerely,
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Sean Allen
President
Terms & Conditions of any financing program we offer may change or be eliminated at any time. Please contact us via a phone call or email for the latest
terms & guidelines for your project.
