Precept can provide private financing in certain situations that require a quick approval. Because our loans are non-recourse, we make financing decisions based on our own valuation of the underlying asset. This internal underwriting allows us to close quickly and requires limited financial information from our borrowers. Typical loans are in a first lien position with interest rates between 12% and 18%.

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

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