PROGRAM HIGHLIGHTS

Pre-approval letter within 2 business days with rates as low as 4.25%

OUR PROGRAM
   
PRODUCT HIGHLIGHTS GENERAL PRODUCT FEATURES
  • Non-recourse
  • No tax Return Required
  • Cash out
  • Lifetime floor rate is set at the start rate
  • Flexible repayment options
  • Full term IO available

 

 
PROGRAM AND CREDIT FEATURES
   
INTEREST RATE 4.25% - 8.5% on income producing properties (DSCR>1.20)
CREDIT REQUIREMENTS Minimum  660 mid-score
LOAN PROGRAM 5- year hybrid
AMORTIZATION 30- years
ELIGIBLE PROPERTIES Most income producing property types will be considered.  Excluding: gas stations, free standing restaurants, and rural
INCOME No Personal or Business tax returns required
LOAN AMOUNT $2.0m - to - $30.0m
RECOURSE Non-recourse with standard carve-out provisions required
ORIGINATION FEE Two percent (2.0%) - to - Three percent (3.0%) paid at closing
BORROWER All loan are required to close in the name of a Single Purpose LLC
TAX & INSURANCE ESCROWS Tax & Insurance escrows required on all loans
FOREIGN NATIONALS Must have a taxpayer identification number 
   
How we differentiate from Commercial Banks
   
KDM Commercial Banks
Require Asset Documents Only X Require Asset & Sponsor Documents
No Annual Tax Docs X Annual Borrower Audits
Higher Borrower Cash Flow X Annual Business Tax Docs
Require Asset Documents Only X Increased Insurance Requirements

 

pre-approval letter within 1-2 business days