EQUITY FUNDING GROUP

APARTMENT AND COMMERCIAL LOANS

INDEX:

• PROPERTY TYPES CONSIDERED
• INVESTMENT SOURCES
• CURRENT RATES
• COMMERCIAL PROPERTY RATES - Non-Recourse
• MONEY MARKET INDICES-
• COMMERCIAL PROPERTIES
• INSURANCE QUALITY FIXED RATE LOANS -
• INFORMATION CHECKLIST

PROPERTY TYPES CONSIDERED

  ANCHORED OR UNANCHORED RETAIL, PROFESSIONAL OFFICE, MEDICAL OFFICE MEDICAL CENTERS OR HOSPITALS, LEISURE OR RESORT DEVELOPMENT, NURSING HOMES, CONGREGATE CARE, ASSISTED LIVING, SKILLED NURSING FACILITIES, HOTELS, MOTELS, RESTAURANTS, DAY CARE FACILITIES, MOBILE HOME PARKS, CAR DEALERSHIPS, LIGHT OR HEAVY INDUSTRIAL, AGRICULTURAL PROPERTIES, REGIONAL SHOPPING MALLS, RETIREMENT COMMUNITIES, RAW LAND OR LAND DEVELOPMENT, RESIDENTIAL SUBDIVISIONS, GOLF COURSES, MARINAS, CHURCH OR RELIGIOUS DEVELOPMENTS, WAREHOUSES, DISTRIBUTION FACILITY...

INVESTMENT SOURCES COMMERCIAL BANKS, MORTGAGE BANKS, LIFE INSURANCE COMPANIES, S.B.A. LENDERS, REAL ESTATE INVESTMENT TRUSTS, LEASING COMPANIES, PENSION FUNDS, FINANCE COMPANIES, SAVINGS AND LOAN INSTITUTIONS, INVESTMENT BANKS, PRIVATE INVESTORS, THRIFT INSTITUTIONS, VENTURE CAPITAL FUNDS, BLIND POOL FUNDS...

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INSURANCE QUALITY FIXED RATE LOANS   

• (APARTMENTS AND COMMERCIAL PROPERTIES)
• LTV's TO 80%. MARGINS FROM 1.1% OVER CORRESPONDING TREASURY INDEXES.

AMORTIZATION PERIODS TO THIRTY YEARS. POSSIBILITY OF FULL AMORTIZATION. MUST BE NEWER, GRADE "A" PROPERTIES WITH LOAN AMOUNTS OF $1,000,000 OR MORE. POINTS AS LOW AS 0.5%. LOAN TERMS VARY GREATLY ACCORDING TO PROPERTY TYPE, LOCATION, OPERATING HISTORY AND DEBT SERVICE COVERAGE

PLEASE CALL OR E-MAIL WITH SPECIFIC SCENARIOS. SEEMONEY MARKET INDICES FOR CURRENT INDEX VALUES. PLEASE SEE INFORMATION CHECKLIST FOR DOCUMENTATION REQUIREMENTS

.COMMERCIAL PROPERTY RATES -

Non-Recourse"INSURANCE QUALITY" FIXED RATES

Multi-Family Housing and Mobile Homes may have amortization periods as long as 30 years. Other property types will usually have maximum amortization of 25 years (although 30 years is sometimes possible.) Terms can be 5, 7, 10 or 15 year due dates or 15 or 20 year fully amortized. Call or e-mail for other pricing scenarios and pre-payment provisions.

LTV

Fixed Rate

Margin

Points

Index

 APR*

Notes

80%

6.125 -7.375

1.10-2.25

2.500

5, 7 Or 10 Yr. T-Notes

6.58-7.69

Apartments, 30 Yr. Am, Due in 10

75%

6.500 -7.625

1.50 - 2.50

2.500

5, 7 Or 10 Yr. T-Notes

6.95-7.94

Student or Military, 25 Yr. Amort, Due in 10

75%

6.375 -7.500

1.30 - 2.35

2.500

5, 7 Or 10 Yr. T-Notes

6.78-7.89

AnchoredRet ail, 25Yr. Am, Due in 10

75%

6.500 -7.625

1.50 - 2.50

2.500

5, 7 Or 10 Yr. T-Notes

6.95-7.94

Industrial, 25 Yr. Am, Due in 10

80%

6.375 -7.625

1.40 - 2.50

2.500

5, 7 Or 10 Yr. T-Notes

6.78-7.94

Office, 25 Yr. Amort, Due in 10

75%

6.375 -7.375

1.30 - 2.25

2.500

5, 7 Or 10 Yr. T-Notes

6.78-7.79

Mobile Home Parks, 25 Yr. Amort, Due in 10

75%

6.875 -7.625

1.85 - 2.50

2.500

5, 7 Or 10 Yr. T-Notes

7.32-7.94

Self-Storage, 25 Yr. Am, Due 10

COMMERCIAL PROPERTIES

OVERVIEW: FOR COMMERCIAL PROPERTIES OF LOWER GRADE THAN INSURANCE QUALITY, BOTH FIXED AND ADJUSTABLE LOANS WILL CARRY A RATE AND/OR MARGIN OF APPROXIMATELY 0.5% HIGHER THAN THOSE LISTED BELOW FOR APARTMENT LOANS. ACTUAL RATES WILL DEPEND UPON SPECIFIC PROPERTY TYPE, AGE, AMENITIES, LOCATION AND LOAN AMOUNT. PLEASE CALL, E-MAIL OR FILL OUT OUR ON-LINE APPLICATION FOR SPECIFIC QUOTES.

APARTMENT LOANS

(Sample Rates)  (LESS THAN INSURANCE COMPANY QUALITY)

LTV

Start Rate

Margin

Points

Index

Approx. APR

Notes

80%

7.453

2.600

2.250

11th Dist.COFI

7.68

FlexibleUnderwriting

75%

6.253

2.400

2.500

11th Dist.COFI

7.55

Low Start Rate

75%

7.500

2.000

2.000

6 Month LIBOR

7.617

FullyAmortized Low Margin/Pts

75%

7.303

1.490

2.500

6 Month LIBOR

7.57

Lowest Margin 30 Yr. Amort Due in 10

75%

7.750

FIXED

2.500

N/A

8.01

15 Yr. Fully Amortized

75%

7.875

FIXED

2.500

N/A

8.44

30 Yr. Amort. Due in 7

75%

7.875

FIXED

2.500

N/A

8.29

30 Yr. Amort. Due in 10

MONEY MARKET INDICES

11th District Cost of Funds

4.691%

6 Month LIBOR (London Interbank Offered Rate)

5.172%

1 Year Treasury Bills

4.590%

3 Year Treasury Bills

4.600%

5 Year Treasury Bills

4.590%

10 Year Treasury Bills

4.770%

30 Year Treasury Bills

5.220%

Prime Interest Rate

7.750%

Information Needed for Effective Rate and Program Quote

Desired Loan Terms:

• Interest Rate
• Amortization Length and Acceptable Due Date
• Point Structure
• Total Loan Amount Required
• Approximate Loan To Value

Property Information:

• Approximate Property Value
• Date Acquired and Purchase Price
• Existing Debt -- Amount, Type, Due Date
• Actual and Effective Age (if major improvements or rehabilitation performed.)
• Type of Construction (Concrete Tilt-Up, Steel, Wood Frame & Stucco, Etc. -- Should include roofing material, presence of elevators, and any amenities.)
• Square Footage - Gross & Rentable
• Present/Intended and/or Potential Usage
• Location -- Actual Address, Neighborhood Characteristics Location Map if available
• Environmental Concerns -- Previous Usage (underground storage tanks?, location abnormalities, flood zones?) Any previous environmental studies conducted?
• Miscellaneous Factors -- Parking facilities, ingress and egress, other pertinent transportation factors (depending upon property type/usage)
• Photos? Even Polaroid's would be helpful

Tenant Information:

• Rent Rolls -- Actual rents per occupant -- Current and Prior Two Months
• Lease terms and conditions -- Length, concessions, type
• Occupant make-up: For Commercial Properties -- Business specialties, square footage per individual occupant, etc. . For Apartments -- Number of 1, 2 and 3 BR Units/Number of Baths, and Corresponding Square Footage's
• For Hotels and Motels: Average Daily Room Rates and Average Occupancy Rates -- Present and Historical

Cash Flow Information:

• Year-to-Date Income and Expense Statement and Budget
• Previous Three Years Income and Expense Statements
• Personal Financial Statements on the Principal(s)

Any additional pertinent information to clarify the project nature and loan request.

CONTACT: MIKE YOUNG BROKER / OWNER

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