Loan Criteria
We welcome contact from mortgage brokers and individuals with an asset that they want to borrow on.
First position mortgages only.
Loan must be for business purposes. We will usually require a letter from an attorney attesting to that fact.
Our LTV requirements depend on the type of real estate.
- Apartment buildings: 50-65%
- Non-owner occupied residential homes for resale or rent: 50-65%
- Commercial buildings: 45-60%
- Improved land: 20-30%
Loan size greater than $100,000 and less than $1 million
Loan term less than three years
Willing to do construction loans, but builders must put down 40-50% of their own money
States: Washington, Oregon, Idaho, California, Utah, Colorado, Arizona and Hawaii
- Apartment buildings: 50-65%
- Non-owner occupied residential homes for resale or rent: 50-65%
- Commercial buildings: 45-60%
- Improved land: 20-30%
Loan pricing
Typically we charge an interest rate of 11-13%, depending on the collateral. We also charge 0-3 points, depending on the loan type.
Initial loan information needed
Further information may be requested if we have more interest in the loan. We will let you know whether we have interest within one day of receipt of the above material. Please send information to: allisonpacific@gmail.com. If you want to discuss the deal personally, don't hesitate to give us a call.