Owner Occupied Real Estate Loans
through Catalina Direct
$500,000 to $5,000,000
Nationwide
The alternative to SBA financing!
| Amortization |
30 years |
| Term |
15 years |
| Loan to Value |
75% |
| Fixed Rate Term |
6 Months
prepayment penalty 3%,2%,1% |
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3 Years
prepayment penalty 3%,2%,1% |
|
5 Years
prepayment penalty 5%,4%,3%,2%,1% |
| |
10 Years
prepayment penalty 5%,5%,4%,4%,3%,3%,2%,2%1%,1% |
| |
15 Years
prepayment penalty 5%,5%,4%,4%,3%,3%,2%,2%1%,1% |
| After the Fixed Rate Term |
the interest adjusts every 6 months |
| Index |
6 month LIBOR |
| Spread |
2.75% over the Index |
| Periodic Caps |
1% per adjustment, 2% per year |
| Lifetime Cap |
6% over the Initial Rate |
| Processing Fee |
$3,000 to $5,000
includes processing, site inspection,underwriting,appraisal review,
and standard closing and legal costs. Does NOT include appraisal or environmental reports. |
| Loan Fee |
typically 1% |
We commit SUBJECT TO the third party reports
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All terms and conditions are subject to change and availability without notice and may not be available for all properties, borrowers or locations
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