Current Funding Programs

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Current Funding Programs

FHA-HUD (221 d4 / 223 f / 223 a7 / 232)

For Apartments, Apartment Rehabs, and Senior Housing

‐ Purchase, Refinance, Construction ‐ 80 to 85% Financing

‐ Rates Start in low 4’s

‐ 35 Year Terms / 35 Year Amortization ‐ Declining Pre-Payment Penalty ‐ Non-Recourse

‐ Min Loan Amount $7,000,000 Fannie May and Freddie Mac

For Apartments, Apartment Rehabs, Senior Housing

‐ Purchase, Refinance

‐ 75 to 80% Financing (Student 70%) ‐ Rates Start in the mid to high 5’s ‐ Fixed and Variable Pricing

‐ 30 Year Terms / 30 Years Amortization ‐ Yield Maintenance Pre-Payment Penalty

‐ Recourse / Non-Recourse with Standard Bad Boy Carve Outs ‐ Min Loan Amount $750,000

Credit Package Needed for Agency Financing:  Executive Summary

 Resume

 Personal Financial Statement  3 Years of 1040’s

 3 Years of subject 1120, 1065, Schedule C

 Interim Year to Date Profit & Loss and Balance Sheet  Current Rent Roll

 Color Pictures  Credit Report

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CTL (Credit Tenant Lease/NNN)

For BBB+ or better Credit Rated Tenants

‐ Purchase, Refinance ‐ 90 to 95% Financing

‐ Rates Start in the mid to high 5’s ‐ Fixed Pricing

‐ Term and Amortization will match or not to exceed the outstanding life of the lease agreement

‐ Defeasance Pre-Payment Penalty ‐ Non-Recourse

‐ Min Loan Amount $1,000,000

Credit Package Needed for CLT Financing:  Executive Summary

 S&P Credit Rating Report  Lease Agreement

 Interim Year to Date Profit & Loss and Balance Sheet  Color Pictures

Conduit (CMBS)

For Class “A” Office, Apartments, Retail, Industrial Warehouse

‐ Purchase, Refinance ‐ 70% Max Financing

‐ Rates Start in the mid to high 5’s ‐ 10 Year Fixed Pricing

‐ 30 Year Terms / 30 Years Amortization ‐ Yield Maintenance Pre-Payment Penalty ‐ Non-Recourse

‐ Min Loan Amount $4,000,000

Credit Package Needed for Conduit Financing:  Executive Summary

 Resume

 Color Pictures  Credit Report

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Conventional

For all Investor and owner occupied Property Types

‐ Purchase, Refinance, Rehabilitation, Construction ‐ 50 to 75% Max Financing (Student 70%)

‐ Rates Start in mid to high 5’s ‐ 3/5 Year Fixed Pricing

‐ 3-7 Year Terms / 20/25 Years Amortization

‐ Declining or Yield Maintenance Pre-Payment Penalty ‐ Recourse

‐ Min Loan Amount $250,000

Credit Package Needed for Conventional Financing:  Executive Summary

 Resume

 Color Pictures  Credit Report Agricultural Loans

For all Full Time Farmers

‐ Purchase and Refinance ‐ 70% Max Financing

‐ WSJ Prime / LIBOR / T‐Bill ‐ Variable and Fix Rates ‐ Debt to Assets Ratio 50%

‐ 3 to-30 year Terms / 25-30 Years Amortization ‐ Recourse

Credit Package Needed for Agricultural Financing:  Executive Summary

 Personal Financial Statement

 3 Years of 1040’s including Schedule F  3 Years of subject 1120, 1065, Schedule F

 Interim Year to Date Profit & Loss and Balance Sheet  Credit Report

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SBA 7(a)

For all owner occupied Property Types

‐ Purchase, Refinance, Rehabilitation, Construction ‐ 75 to 80% Max Financing

‐ Rates Start in the mid to high 5’s

‐ Variable and some Fixed Pricing Available ‐ 20-25 year Terms / 20-25 Years Amortization ‐ Declining Pre-Payment Penalty

‐ Recourse

‐ Min Loan Amount $250,000 SBA 504

For all owner occupied Property Type

‐ Fixed and some Variable Pricing Available ‐ 20-25 year Terms / 20-25 Years Amortization ‐ Declining Pre-Payment Penalty

‐ Recourse

‐ Min Loan Amount $250,000 USDA – B&I

For all Investor and owner occupied Property Types

‐ Variable and some Fixed Pricing Available ‐ 25-30 year Terms / 25-30 Years Amortization ‐ Declining Pre-Payment Penalty

‐ Recourse

Preliminary Credit Package Needed for 7(a) – SBA 504 – B&I Financing:  Executive Summary

 Interim Year to Date Profit & Loss and Balance Sheet  Resume

 Credit Report

 Profit and Loss Projections 2 Years (by Month for the first 12)  Business Plan – STR Report – FDD

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Bridge Loans Nation wide

For all Property Types

‐ Rates start at 11.5% and go up-to 15%

‐ 12 Months with one 12 Month extension for 2pts ‐ 5 to 8 Points

‐ 60 to 65% Max Loan to Value (70% Max on a case by case basis) ‐ Min Loan Amount $750,000

Institutional Bridge Loans Nationwide

For the following property types in larger MSA’s - Apartments, Office, Retail, Industrial, Office, Self-storage, Mobile home communities, Assisted Living Centers

‐ 6.00% Floating Rate Floor (LIBOR + spread) ‐ 36 Months with 24 month Lock out

‐ 3 Points

‐ 70% Max Loan to Value ‐ Non-Recourse

‐ Min Loan Amount $10,000,000 Max Loan Amount $50,000,000 Small Balance Bridge Loans Nationwide

For almost all property types

‐ Rates start at 13.99% ‐ 15 year Amortization ‐ 3 to 5 Points

‐ 60% Max Loan to Value

‐ Min Loan Amount $250,000 Max Loan Amount $1,500,000 Investor Bridge Loan Program

For almost all property types

‐ Rates start at 16% to 18%

‐ 12 months with a possibility for a 3 month extension ‐ 4 to 6 Points

‐ 60% Max Loan to Value

‐ Min Loan Amount $250,000 - Max Loan Amount $3,000,000 Credit Package Needed for Bridge Financing:

 Executive Summary  Resume

 Interim Year to Date Profit & Loss and Balance Sheet  Current Rent Roll & Color Pictures

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Leasing

For all Businesses

‐ Specialize in A to C Credits ‐ Purchase and Sale Leaseback

‐ Medical / Technology / Construction / Ag Equipment / FF&E

‐ Capital Leases / FMV Leases / Operating Leases / Early Buyout Option / Equipment Finance Agreement

‐ Application only up to $75,000

‐ Min Lease Amount $5,000 Maximum Lease Amount $5,000,000 Credit Package Needed for Leasing:

 Application

 Last 3 months of Bank Statements

 Description of the Equipment to be leased and the dollar amount Full Doc will include the above and this additional information  Personal Financial Statement

 3 Years of 1040’s

 Interim Year to Date Profit & Loss and Balance Sheet  Credit Report

Small Business Express Loan Program

‐ Unsecured

‐ For Business Purposes Only - including Start-Ups / Working Capital / Equipment ‐ Interest Rates starting a Prime + 4.50% or

‐ Up to 7 year repayment

‐ Credit Score Driven – Minimum 700

‐ No Bankruptcies / Foreclosures or Repossessions in the last 7 years ‐ No Late Payments in the last 2 years

‐ Application Fee of $495 ‐ No prepayment penalty

‐ Minimum Loan amount $5,000 Maximum Loan amount is $50,000 Credit Package Needed for Small Business Express Program:  Signed Agreement

 Application

 Upon approval a Business Plan (Template will be supplied) will be needed before funding

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Accounts Receivable Factoring

‐ Flexible Invoice Factoring and Receivables Purchase Line

‐ Industries - Oil and gas / Refinery and Chemical Plants / Printing / Manufacturing / Temporary Staffing / Telecommunications / Transportation / Distribution / Janitorial / Government Contracting / Marine Transportations / Security Guard Service / Consulting ‐ Specialized Program – available for Progressive Billing and/or Work in Progress

Transactions for the construction industry

‐ Prohibited Industries - Businesses selling to consumers ‐ Max Advance Rate is 70% to 80%

‐ Minimum Facility is $50,000 to a Maximum Facility is $3,000,000

‐ Pricing - 1.25% to 2.75% every 30 days for Factoring - .75% to 1.75% Service Fee – to be quoted on the Specialized Program

Accounts Receivable Financing (True Revolving Credit Line)

‐ This facility is not factoring – we use the Account Receivables as collateral ‐ Max Advance Rate is 65%

‐ Minimum Loan Amount is $50,000 to a Maximum Loan Amount of $2,000,000 ‐ Pricing – the facility charges a daily simple interest rate ranging from .047333% to

.05833% - only charged on the outstanding balance + an administrative simple daily rate of .025%

Medical Receivable Financing: (Profit and Non-Profit)

Hospital, Clinics, Doctor Practices, Nursing and Intermediate Care Facilities, Medical Laboratories, Dental Laboratories, Home Health Care Services, Kidney Dialysis Centers, Specialty Outpatient Facilities and Day Care Centers for Children and Seniors

‐ This facility is not factoring – we use the Account Receivables as collateral

‐ This facility finances contract receivables issued to Federal, State and/or Municipal Governments; Medicaid or Medicare; Major insurance companies; and/or other commercial related entities

‐ Can pay off your existing credit facilities up to 35% of the credit line extended ‐ No Personal Guarantees are required in the majority of cases

‐ Do not consider FICO scores in the credit decision

‐ Once complete Application is received – 24 to 72 hours for approval – Final Underwriting, documentation and Funding within 3 weeks

‐ Max Advance Rate is 65%

‐ Minimum Loan Amount is $50,000 to a Maximum Loan Amount of $2,000,000 ‐ Pricing – the facility charges a daily simple interest rate ranging from .047333% to

.05833% - only charged on the outstanding balance + an administrative simple daily rate of .025%

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Credit Package Needed for Receivable Financing Program:  Application

 Last 3 years of Financial Statements (Profit & Loss and Balance Sheet on Accrual Basis)

 Current Interim Year to Date Financial Statement (Profit & Loss and Balance Sheet on Accrual Basis)

 Current Accounts Receivable Aging (For Medical you will need to Separated by State, City, Medicare, Medicaid, Major Insurance Companies and/or Other)  Historical collections ratio report

 Current Accounts Payable Aging

 Projected Financial Statement for current year and for next year (only need upon request)

Note Purchase Program

For all Note Purchase Opportunities

‐ Single Note or Portfolio’s

‐ Have a Structured Finance Program similar to what FDIC provides on a Bank Failure ‐ Prefer Non-Performing but will also look at Performing

‐ Want to restructure the Debt for the current owner of the property

‐ Exit strategy is for the current owner to take out this Loan in 12 to 24 months

‐ Minimum Amount is $250,000 on a single note if there is additional business that can be generated no Maximum Amount

Credit Package Needed for Note Purchase Program:  Call for details