Program
#10
Type:
Golf Course Financing
Minimum
: $ 10
Million
Maximum:
$ 100 Million
Term:
5-10 years
Start
up & Construction: NO
Where:
USA Only
|
Terms
(indicative;
final terms to be quoted)
*
up to 60% of appraised value of asset
*
Borrower's equity required (at least 40%)
*
LIBOR + 400 points, or fixed at
8-10% per year
*
Closing Points: 3
*
Timing: from 4 weeks & onward
|
|
Type:
Hospitality Financing
Minimum
: $ 10
Million
Maximum:
$ 100 Million
Term:
5-10 years
What:
Resorts, Hotels, acquisitions, Repositioning, premium
limited service & extended stay primary & secondary
markets, stabilized (2 years of history)
Start
up & Construction: NO
Where:
USA Only
|
Terms
(indicative;
final terms to be quoted)
*
up to 70% of appraised value of assets
*
Borrower's equity required (at least 30%)
*
LIBOR + 400 points, interest only
*
Upfront fee: 1 point
*
Good Faith Deposit: required
*
Closing Points: 4
*
Timing: from 2 weeks & onward
|
|
Type:
Time-sharing & vacation resorts
Minimum
: $ 1 Million
Maximum:
$ 5 Million
Term:
2-4 years
What:Land
acquisition and improvement for time-sharing &
vacation resorts in United
States, Canada, Mexico, and the Caribbean
Where:
United States, Canada, Mexico, and the Caribbean
|
Terms
(indicative;
final terms to be quoted)
*
up to 60% of appraised value of assets
*
Borrower's equity required (at least 40%)
*
LIBOR + 400 points
*
Upfront fee: 1 point
*
Good Faith Deposit: required
*
Closing Points: 4
*
Timing: from 2 weeks & onward
|
