Recreational Loans

Minimum Loan Amount: $3MM

Amortization: 20-25 Years

Rates: 250-400 Over LIBOR

Minimum DSC: 130%

Prepayment: Yield Maintenance

Permanent Financing (LTV): Up to 85%

Construction Financing (LTC,Recourse): 50%-60%

Construction/Permanent (Earn Out): 75%-85% of Value

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