George Smith Partners is working with a national portfolio capital provider structured with no pre-payment penalty. Transactions in primary and secondary markets from $2,000,000 to $15,000,000 fixed for 5+5 and seven year terms. This recourse lender will advance to 75% of appraised value assuming a 1.25 DSCR on in-place cash flow for income properties and offers a 30 year amortization. Most loans close within 60 days and there is no minimum interest or prepayment penalties. Application fees and bank closing costs (excludes 3rd party charges) are waived on new opportunities for the next three months.
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