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TERM:
Flexible loan term up to
several years or more
PREPAYMENT:
Loans may be repaid at
any time without penalty.
USE
OF PROCEEDS:
Loans are made for business
purposes only.
LOAN
TO VALUE:
Loan amounts can be up to 50-65% of the market
value of the collateral, based on the estimated
cash sale price given a 90-120 day marketing time.
If the loan is used for renovation or construction,
the loan amount can be based on the improved value,
and would be disbursed in stages.
RATES:
Rates vary from 12-18% per annum, interest only,
depending upon collateral and loan structure.
Internationally, rates vary from 12-21%, depending
on country.
EQUITY:
In lieu of equity participation,
a fee of 4%(U.S. only) of the loan amount may
be included in the loan.
LOAN
SIZE:
From $1 Million to $100
Million nationally. Must be at least $3 Million
for international loans.
COLLATERAL:
Real estate and other
fixed or liquid assets.
Call Mark Falzone at Kennedy Funding: 1-800-342-8500
E-mail
us for more information
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Statement. The material on this web site covers
a variety of topics on commercial real estate mortgage
banking and is for informational purposes only.
This information is inherently limited in scope,
may change without notice, and does not contain
all of the applicable terms, conditions, limitations
and exclusions of the products and services described
herein.
A Kennedy Funding Website. Copyright © 2006 Kennedy Funding. All rights reserved.
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