Amount: $500,000 to $50 million

Maturity: 5 - 25 years

Amortization: Up to 30 years

Interest Rates: Fixed interest rates priced at a spread over the comparable maturity U.S. Treasury Note. The spread will be determined by the type of product, credit quality of the loan, as well as loan-to-value ratio.

Security: First Position Deeds of Trust only.

Personal
Guarantees: Occasionally required; and occasionally required for carve-outs.

Prepayment: A predetermined structure: typically a fixed percentage, yield maintenance or other pre-determined formula.

Escrows: A monthly escrow for real estate taxes and property insurance may be required.  Other reserves may also be required.

Assumption: Assumption by an approved purchaser may be permitted with payment of a 1% assumption fee, and any out-of-pocket costs.

Secondary
Financing: Generally prohibited.

Loan-to-Value: Typically 85% for real estate, up to 100% for credit approved transactions.