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MARITIME COMMERCIAL IS IN PROCESS OF UPDATING ALL FUNDING PROGRAMS UNTIL FURTHER NOTICE.
Hard Money
| Loan amount:
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$500,000 to $50,000,000+.
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| Loan characteristics:
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These loans are non-bank These loans are LTV driven and are not effected by credit scores.
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| Loan to value:
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50-70% LTV
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| Preferred Property Types:
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Most commercial property
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| Loan term:
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1 to 3 years 20-30 amortization
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| Amortization:
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IO or PI
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| Interest rate:
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Hard money rates 12 to 18%
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| Points:
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4-10
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| Prepayment:
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Typically without prepayment penalty
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| Personal liability:
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Usually required
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