International Financing Solutions
A Division of Sean Allen, Inc.
9531 Cypress Drive N. Ft. Myers, Florida 33967
Ofc: 239-482-6866 Fax: 888-482-6860
Sean Cell: 239-898-9281 Email: sallen11867@aol.com
www.InternationalFinancingSolutions.com
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100% LTC & 100% CLTC Acquisition & Development Financing
or Condo Conversion Financing
Program guidelines:
- Loan Amounts from $5 Million to $500 Million
- 100% LTC on all Soft & Hard Costs & Interest Reserve
- Available in the USA, Canada, Mexico, Bahamas, Caribbean, So. America
- Max Loan to Value is 80% of completed value
- Loan term is 36 months with options to 60 months
- Interest Rate is LIBOR + 2pts (varies between 1pt & 2pts)
- Initial Commitment fee is required $10,000 to $70,000 depending on project, location and loan amount
- Closing costs can be rolled into loan if it does not exceed 80% of completed value
- Total Points on file to be roughly 4 points (IFS included in this amount)
- West Coast Based projects (CA, WA, OR, NV, UT, etc):
* 100% LTC on loan amounts from $5 Million to $65 Million
* Loan amounts over $65 Million requires 2 loans (75% & 25%)
* The 25% equity portion requires 15% to 18% profit sharing (on the 25% portion)
Special Notes:
- Commitment Fee is due at time of Term Sheet is issued & not negotiable
- Commitment Fee does not cover 3rd party reports, appraisals, surveys, attorney or title fees due before there is a funding.
To proceed to a successful closing and funding on this program please contact us via e-mail or phone.
Sincerely,
Sean Allen
President
Please keep in mind that rates, terms and conditions can change at any time without notice. For the most recent terms, rates and conditions, please contact us either via phone or email.
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