| Loan
Size: |
|
$5,000,000 to $25,000,000 |
| Term: |
|
Negotiable |
| Structure: |
|
Interest only |
| Rate
and Fees: |
|
Fixed interest rate 12% to 18%; will
vary based on risk and term length. |
| Loan
to Value: |
|
Up to 80% of the current market value
of the collateral as determined by Precept. |
| Collateral: |
|
First lien position |
| Guaranty: |
|
Non-recourse (except for standard
carve-outs) |
| Use
of Funds: |
|
Short term Acquisition, refinance,
and development of income producing property, as well as
note purchases |
