Highlights of UBOC Loan Program
Long Term Loans – 30 Year Terms with 30 Year Amortization
Existing Income Producing Real Estate
Currently In: TX, CA, AZ, NV, OR, WA
Fixed Interest Rates from 3 to 15 Years
Balance Sheet Lender – Loans Never Sold
60 and 90 Day Rate Locks Available at No Cost
1.20 or 1.25 DSCR, Depending on Property Type
Minimum Loan Amount $500,000
Maximum Loan Amount $3,000,000 (currently)
1/2 Point Rebates to Brokers
No Points
No Legal
Assumable for 1 Point
No Defeasance and Minimal Prepayment Periods, at Stepped Down Amounts
65% Loan-to-Value on Apartments and Mobile Home Parks
60% Loan-to-Value on Commercial Properties
Please contact us for our latest rate sheet and to request our Loan Application Package. We can supply you with our forms or you can submit your own. Initially, just forward the Income & Expense Statement and Current Rent Roll and we will provide a Letter of Interest, outlining your loan.
Give us a call, send an e-mail or send a fax and we will quickly respond with an outline of our proposed loan. We look forward to working with you!
214-922-4226 office
214-566-1956 cell
214-922-4210 fax
David.Albright@UBOC.com |
