Fast Closings in 3 to 5 Days

Minimal Pre-Payment Penalty

Free Consultant For Approved Clients 

Easy Qualification Process

 

 

Summary of Fort Brooke Loan Program


TERM:
12 to 24 month term with a 12 month extension for a fee.
 
Minimal PREPAYMENT PENALTY:
Loans may be repaid at any time without penalty after 6 to 12 months.

USE OF PROCEEDS:
Loans are made for investment business purposes only.

LOAN TO VALUE:
Loan amounts can be up to 65% to 87% of the market "As Is" value of the Collateral.

RATES:
Rates vary from 12.0% to 15.0% per annum, interest only, depending upon collateral and loan structure.

LOAN FEE:
In lieu of equity participation, a fee or points of 5.0% of the loan amount will be included in the loan.  Third party brokerage fees not included.

LOAN SIZE:
From $20,000 to $500,000.  Loans in excess of $500,000 value will be considered on a case by case basis by our commercial department.

COLLATERAL:
Real estate and other fixed or liquid assets. Properties can be Single Family Investment or Commercial. No owner Occupied homes.

APPROVAL REQUIREMENT:
      • 35% Cash down

  • Clear Title

    • Completed application

 

“Bringing Service and Integrity to the Hard Money Business”