Rate Sheet
Effective Date: 2022/10/24
Classic Private Lending Rate Sheet
Classic 1st Mortgage Program
LTV*: Up to 80%
Rate*: From 8.25%
Fee*: 1 – 2%
The Details
- 1 to 3 yr terms Interest Only
- Max LTV 80%
- Interest-only payments
- Buy downs accepted
- Population 25K
Classic 2nd Mortgage Program
LTV*: Up to 85%
Rate*: From 12%
Fee*: 2 – 4%
The Details
- Draws on Construction
- Mixed Use, commercial/ Industrial to 75% LTV
- Remediated properties, one on one basis
- Vacant land to 50%