Capital Loan Program

SHF Commercial Mortgage

Purpose

Acquisition/Refinance

Acquisition/Refinance

Property Types

All commercial use properties except; heavy industrial, church, hospital, land, new construction & agricultural purpose properties

All commercial use properties except; heavy industrial, church, hospital, land, new construction & agricultural purpose properties

Occupancy

Owner/Investor

Owner/Investor

Loan Amount

$100,000 to $1,000,000

$100,000 to $1,500,000

Rate

Variable over WSJ Prime

·          Optional ARM w/ 1YR, 5YR, 7YR or 10YR initial fixed

Fixed over WSJ Prime

·          Up to 30YR fixed

Variable over WSJ Prime

·          Optional ARM w/ 6MTH, 2YR, 3YR, or 7YR initial fixed

Fixed over WSJ Prime

·          Up to 30 YR fixed

Term

Up to 30 year term

Up to 30 year term

Amortization

Fully to match loan term

Fully to match loan term

Prepayment Penalty

5% for 5 years

5% for 5 years

Collateral

1^st mortgage on real estate

1^st mortgage on real estate

Recourse

Full to Principals

Full to Principals

LTV

Up to 90%

Up to 97%

Documentation

Stated Asset/Stated Income, No Tax Returns

Full Documentation, Tax Returns Required

Pre-Approval

2 -3 days

2 -3 days

TCG Small Balance Loan Programs

Bank & Traditional Lenders

Application Fees

NO

YES

Ongoing Financial Reporting Covenants

NO

YES

Mandatory Early Balloon Payments

NO

YES

Loan Committee Review

NO

YES

Restricted Cash-Out

NO

YES

Required Phase I Environmental Review

NO

YES

Expensive Documentation Prep Fees

NO

YES

Business Plan Required

NO

YES

Programs Offered

Stated/Stated & Full Documentation

Full Documentation Only

Time to Close

Typically within 45 days

60 to 90 days