Commercial Land Development Construction Program

Eligible Locations:	Active markets US, Canada, Mexico, Europe
Eligible Properties:	Raw land being developed for commercial projects. Multifamily, retail, office, warehouse, flex, build-to-suit projects, and commercial subdivisions with pre-leasing or pre-sales when applicable.
Eligible Transactions:	Acquisition or refinance; pre-development and development
Transaction Size:	$5 MM US and up
LTC:	55% to 80% of project cost.
Security:	First mortgage lien on the subject property(s), assignment of all permits and approvals, assignment of leases, pledge of partnership interests, sometimes personal guarantee of principals, UCC on other collateral, Title Insurance.
Ownership:	Single asset, special purpose
Borrower Qualifications:	Financially strong, liquid and experienced principals demonstrating a successful track record
Commitment Fee:	Yes - to Lender
Origination Fee:	Yes - out of loan amount payable at closing
Loan Index:	Prime/Libor+
Recourse:	Will be sometimes required
Loan Term:	1-2-3-5 years
Reserves:	Mortgage interest, real estate taxes, insurance, others if applicable
Second Mortgage:	Possible with Lenders permission
Prepayment:	Case by case
Third Party Reports:	MAI Appraisal, Phase I environmental, feasibility and others if required, ordered by Lender at expense of Borrower.
Closing Time:	90-120 days upon completed Loan Package submission

Remember each project stands on its own merit

Erika S. Hollerith
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Heinz Hollerith
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Gunter Reindorf
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We have Representatives in Canada, Mexico and USA Further contacts upon request

If you are success orientated and a self-motivated Team player and you would like to become a Member of our Team, please contact us.