Rebate! Rebate! Program

"Rebate! Rebate!" Program Highlights:

10.99% interest
65% LTV
1 point rebate to broker (marketing expense rebate)
Appraisal fee rebated to borrower

Specific Loan Terms

Loan Amount	$75,000 to $2,000,000
Interest Rate	10.99% in metro areas 11.99% in all other areas
Max Loan-To-Value	Greater of 65% of income-supported value Or 55% or market value for general use properties 55% for special use properties
Lender Fees	2 origination points plus $950 for underwriting / inspection (1 point rebated to broker as a marketing expense rebate)
Appraisal Fee	Rebated to borrower (up to 1 point)
Pre Payment Penalty	12 mos interest guarantee
Loan Deposit & Upfront Fees	Values based on loan amount

General Not So Hard Money^TM Loan Details

Standard Loan Term 5 year balloon w/15-30 year amort. OR 10 yr fully amortized.
Alternative Loan Term 10 year balloon w/ 15-30 year amort. OR 15 yr fully amortized for +1% to rate.
AZ & NM Metro Areas include the Phoenix, Tucson & Albuquerque metro areas.
General Use Properties include most residential, multi-family, office, retail, warehouse, flex & mixed-use properties.
Special Use Properties include mini-storage, motels, churches, assisted living facilities, medical buildings, etc.
Properties we do NOT lend on include gas stations, bars, night clubs, etc.
Land Loans: Yes, we lend on land (including acreage and lots) at 25% loan-to-value.
Property Inspection Fee may be higher for properties outside the Phoenix Metro Area.
Non-Recourse: Available for a 1% increase in rate or 5% reduction in LTV