Tampa Bay
Traditional Lenders | TB equity partners | Hard Money | |
Lending Approach: | Primarily underwriting the borrower's credit and income. The property is considered secondary | Strict underwriting of property valuation. Borrower considered secondary | Collateral Approach - typically considers property value only |
Property Types: | Lends on all property types | Specialize in Commercial and Multi-Family properties in the $1-5 million range | Lends on all property types |
Primary Lien Position: | 1st liens, 2nd liens | 1st Lien | 1st liens, 2nd liens, 3rd liens and other structures |
Loan-To-Value: | Up to 95% | Up to 65% | Up to 75% |
Term: | Up to 30 years | 1-3 years | 3 months to 10 years |
Appraisals Required: | Yes | Yes | Sometimes |
Rates: | 3.5% to 5.5% | 12% | 10% to 14% |
Funding of Loans: | Internal | Internal | Varies widely - typically funded by investor |
Servicing: | Internal Servicing | Internal Servicing | Varies widely |
Audited Financials: | Yes | Yes | Not typically |