All of our loans have fixed, interest-only rates with a balloon (remaining principal balance of loan) payment due at the end of the loan term. We underwrite loans for up to seven years with no prepayment penalties and our loan rates can range anywhere from 8.49% to 11.99% depending on the loan scenario and risk involved. For both a purchase and a refinance transaction, we lend up to a maximum 70% of the purchase price or “as is” value of real estate if the loan is for 12 months or less. For loan terms longer than 12 months, we lend up to 65% maximum.
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