Summary of Fort Brooke Loan Program

TERM:
12 month term with a three month extension for a fee.
 
NO PREPAYMENT PENALTY:
Loans may be repaid at any time without penalty.

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

LOAN TO VALUE:
Loan amounts can be up to 65% to 80% of the market "As Is" value of the Collateral.

RATES:
Rates vary from 12.0% to 18.0% 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 or Commercial.

APPROVAL REQUIREMENT:
• Three full merged credit reports with a mid-credit score of 650 or better.
• Completed application

“Bringing Service and Integrity to the Hard Money Business”