Bridge Loans

Program # 1

       Type of loans:      First Trust Deeds Only

Types of Property:     Commercial, Industrial, Apartments, Residential, Churches, Schools

                                    Special purpose property

             Location:       California Only

   Loan Amounts:       Typically From $250,000 to $10,000,000

   Interest Rates:       8.9% to 9.9%, Interest Only, based on the quality of the property, location of

                                    Of the property, credit worthiness of the borrower and the amount of the

                                    loan.

                                ** Fixed for 12 months: Rates for terms in excess of 12 months are prime based.

Origination Fees:       Determined based on the quality of the property, location of

                                   Of the property, credit worthiness of the borrower, the amount of the

                                   Loan and loan terms.

 Loan Maturities:      From 30 days up to 12 months with 6 month extensions, up to an additional

                                   12 months

 

   Loan to Value:        Up to 60% on improved property

     Closing cost:         Standard third party costs such as title and escrow. Typically no legal fees.

Reasonable site inspection fee for properties located outside metropolitan

Los Angeles and Orange County

 

For this program; the following type of properties are considered:

 

• * Office Buildings   *Industrial Buildings  *Non Owner Occupied Houses  *Hospitality  *Property under Rehab/Construction
• * Apartments         *Retail Strip & Shopping Centers  *Religious Institutions *Mobile Home Parks  *Restaurants
• * Multiple Properties/Partial Releases