Commercial Second Mortgage

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Commercial Second Mortgage

CLASS A: $300K – $2M
Rates from 9.5% .06/1/3/5/7/10/15/20 years fix
Less than 10 years old
LTV up to 75%
Points varies according to loan size
Recourse and Non Recourse
CLASS B/C/D: $300K – $2M
Rates from 10.5% .06/1/3/5/7/10/15/20 years fix
Any age
Any type
LTV up to 80%
Personal guarantees required
C & D’s any condition higher rates & points
Points varies according to loan size