* 85% Loan-to-Value (*No Cash-Out Refinance)
* 35 Year Amortization
* 35 Year Term (no balloon)
* No maximum loan amount
* Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
* No personal liability (non-recourse)
* Negotiable pre-payment terms
* 1:18 Minimum Debt Service Coverage
* This loan is always assumable.
* Third-party expenses and loan costs are able to be financed.
__________________________________________________ Rates and Terms determined by LTV, credit, property type and other
conditions. This is limited information and meant for general reference purposes. For detailed information or a specific quote on a project, give us a call at 1-317-348-0732
New Construction / Substantial Rehabilitation
* 90% Loan-to-Cost
* Interest-only construction loan that automatically converts to a 40-year permanent financing
* 40-Year Amortization
* 40-Year Term (no balloon)
* 1:10 Minimum Debt Service Coverage
* This loan is always assumable
Rates and Terms determined by LTV, credit, property type and otherconditions. This is limited information and meant for generalreference purposes. For detailed information or a specific quote on a project, give us a call at 1-317-348-0732
• That’s fixed during the construction period! You pay interest only during construction!
• That’s fixed for 5 years AFTER the construction period.
• Lock in today’s rates for tomorrow – no re-pricing at C.O.
• 30 Year amortization keeps the payment low.
• No Pre-Payment Penalty / No Guarantors – This is flat out the best construction loan on the planet.
Loan Proceeds: Acquisition, Refinance, Construction, Cash-Out
Trustee Guarantees: None
Size: $400,000 - $20 million
Fast Close: 45-60 days
Cash Flow Multiple: 3-4x Unrestricted Contributions
LTV: 66% - 80%
Term: 25-40 Years; Open-Ended for additional borrowings
Interest: Fixed Rate @ 190-220 over
Treasuries Prepayment: No Penalty
Construction Bonds: None required for qualifying projects
Our underwriters are professionally trained to keep the interest of the church a priority. They are experienced in working with churches of all sizes. Thus, they can fund loans for any denominations anywhere in the country! So please call one of our underwriters today at 1-317-348-0732 * due to the changing markets rates are subject to change without notice.
SBA Loans Loan Amounts from $250,000 to $5,000,000
Loans are available for NEW and EXISTING businesses: Repayment terms up to 30 years As high as 90% financing Competitive rates Some balloon payments or call provisions
You can benefit from FULLY AMORTIZED FINANCING for: Purchasing a business Expanding a business Purchasing equipment or inventory Refinancing and debt consolidation Purchase or refinance of owner-occupied commercial real estate
We have programs specifically designed for:
Assisted Living Facilities, Child Care Facilities, Franchise Purchases, Funeral Homes, Grocery and Convenience Stores, Hotels, Manufacturing, Medical Offices, Start-up Businesses and many more!
Referral fees are paid! please contact loans@fairydustlending.com or 317-348-0732
* International as well
* Terms and structure will vary by deal
* Tier 1 & Tier 2 Developers Only
* All properties and projects considered, but the deal MUST be strong.
* No daisy chains accepted
* Must have access to the principals
Please keep in mind that there are more deals needing money than money to lend so only the better deals get funded. To find out if we can help you, just call us at: 1-317-348-0732. It costs nothing to see if we can help you! Call us today at:1-317-348-0732
Why Lease?: 100% Financing Available (generally just 1st and last month’s payment is required)
Fixed Payments to match your cash flow
Leases offer lower monthly payments than traditional loans
Loan Amounts: $10,000 to $30,000,000
Loan Terms: Terms up to 7 years depending on the equipment & overall strength of the deal
Leasing Entities: Any commercial entity – company, organization or association
Must be in business for 2 years or more What can be included
in the lease?: Soft costs, installation, labor and sales tax can be included
Our underwriters are professionally trained to keep the interest of the professional a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund leases anywhere in the country! So please call one of our leasing specialists today at 1-317-348-0732
Loan Amounts: $250,000 to $2,000,000
Cash Injection: 15% for Flags in good standing, 20% for others. Start-ups and inexperienced management may require up to 30%.
Experience: Full service requires full service experience. On-site management by >20% owner.
Collateral: 80% of total Project must be for real estate or construction.
Repayment Ability: Based on historic cash flow of the business.
Minimum debt service coverage = 1.25x for last 2 years plus interim.
Expansion loans available for businesses with increasing trends. Start-up projected coverage 1.25x within 1 year.
Loan Terms: Term up to 25 years. Fully amortized (no balloon). 3yr (5-3-1) prepayment penalty.
Interest Rates: Dependent upon strength of business.
Personal Guaranty: SBA requires from all 20% or more owners.
Our underwriters are professionally trained to keep the interest of the professional a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund loans anywhere in the country! So please call one of our underwriters today at: 317-348-0732
LOAN TYPES Purchase Refinance Cash Out Refinance
MAX LTV 90% Owner Occupied Purchases (SBA 504) 65% Purchase (Non-SBA, up to 90% CLTV) 65% Refinance / 60% Refinance Cash-out
LOAN TERMS 25 years fully amortized 20 years fully amortized 15 years fully amortized MIN FICO 650 AVAILABLE PROGRAMS 5 YR Fixed SBA 504 Adjustable Conversion THE Commercial Capital Ltd. DIFFERENCE No Balloon Payment Broker or referral source 100% protected Flexible Underwriting No Lender Points Quick Closings Simple Documentation Rate locks available at no cost
Cash/Equity Injection: 10% of total project costs.
Experience: Proper license and 2 years direct experience in the industry.
Loan Terms: Term up to 25 years. Fully amortized (no balloon).
Interest Rates: Dependent upon strength of practice Rates from P+1.25% - 2.5% variable
Collateral: No minimum for Start-ups up to $500,000 No minimum for Acquisitions to $1,000,000
Life Insurance: Key man life insurance may be required
Our underwriters are professionally trained to keep the interest of the professional a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund loans anywhere in the country! So please call one of our underwriters today at 317-348-0732
* 7.5% Seller promissory note allowed for down payment requirements – (For Acquisition only)
* Third-party expenses and loan costs are able to be financed For current offer as there subject to change please contact 317-348-0732 or loans@fairydustlending.com
Our rates smoke the banks – call for quotes!
New Construction / Substantial Rehabilitation * 90% Loan-to-Cost * 40 Year amortization * 40 Year Term (no balloon) * No maximum loan amount * Low, fixed interest rate, based on market spreads over the Ten Year Treasury yield.
* “Developer’s Fee” of 10% of cost allowed to be used towards equity requirement * No personal liability (non-recourse)
* This loan is always assumable. Third-party expenses and loan costs are able to be financed
Rates and Terms determined by LTV, credit, property type and other
conditions. This is limited information and meant for general reference purposes. please call 317-348-0732 or loans@fairydustlending.com
Use of Loan Proceeds: Existing Business, Owner Occupied; no investors
General purpose commercial real estate
No ground leases.
Single loan closing on construction.
Special programs to $2,500,000 Cash/Equity Injection: 10% of Total Project Costs. 15% for restaurants.
Total Project Costs can include moving expense, equipment, furniture, working capital, refinance of business debt, etc
Interest Rates: Dependent upon strength of business. Rates from P+1.25% - 2.5% variable
Minimum Debt Service Coverage= 1.15x for last yr + interim. For restaurants, chiropractors: DSC=1.35x for last yr+interim Expansion loans for medical practices with increasing trends.
Collateral: LTV can be over 100%
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