Regent Park Capital, LLC - Capital that moves as fast as you do.
Loan Criteria - Developed Residential Lots Lending Guidelines
| Type of Property: |
Residential developed lots owned or to be purchased by
builder |
| Purpose: |
Acquisition or refinance |
| Loan-to-value: |
Up to 75% |
| Loan-to-cost: |
Up to 90% |
| Term: |
Up to 12 months |
| Size: |
Up to $1,000,000 (Maximum of $175,000 per lot) |
| Amortization: |
Interest only |
| Interest Rate: |
15% to 16% |
| Lender Fees: |
Commitment fees of 2% to 3% |
| Recourse: |
Required |
| Appraisal: |
Required |
| Escrows: |
Not required |