Loan Terms
Payette Financial Services, LLC structures each loan to
meet the borrower’s
needs. General loan terms are outlined below:
| Loan Amount: |
$25,000 to $2.5 Million |
| Term: |
12-36 months |
| Interest Rates: |
10%-15%, depending on collateral and other
loan terms |
| Payments: |
Interest Only to Fully Amortizing |
| Origination
Points: |
1% - 5%, depending on loan amount |
| Collateral: |
Typically real estate, but will consider other fixed or liquid
assets |
| Lien Position: |
Mortgages or deeds of trust that are in a 1st or 2nd position |
| Maximum LTV: |
On a combined basis (CLTV),
total new/existing debt must be less than 85% of the market
value of the collateral |
| Equity Requirements
on
Acquisition
Financings: |
Minimum of 10% |
| Pre-payment
Premium: |
Varies, depending on loan term duration |
| Funding: |
We can fund in as little as 10 business days |
|
