Loan Program

PRIME EQUITY, INC. is a privately funded hard money commercial lender. We lend our own funds, service our loans, and make all funding decisions in house. When you work with PRIME EQUITY, INC., you work directly with the decision makers. Even in these tough economic times PRIME EQUITY, INC., is able to fund difficult hard money commercial loans that most other lenders would turn down.

Below are the details on hard money commercial lending program.

Borrowers

•Individuals, Corporations, LLC's, Partnerships, Trusts, Estates, etc.

•Non-credit score driven

•No income verification

•Bankruptcy/Foreclosure OK
Properties

•Commercial properties only

•Mixed-Use, Office, Apartment, Retail, Light Industrial, Others considered

•Non-cash flow producing properties OK
Parameters

•Unlimited cash out for any reason

•Borrow against properties listed for sale or currently in default
Portfolio Lender

•Creative approaches to Equity Based Lending

•In-house common sense underwriting

•Quick turn-around without the headaches of traditional lenders
Simple and Quick Application Process

•Complete our one page on-line submission.
Loan Specifics

•Loan Amounts: Up to $1M

•Loan to Value: Max 60% TO 70%

•Interest rates: Start at 12.00%

•Points: Start at 5

•Loan Term: Flexible amortizations and interest only

•Lien Position: First Only

•Prepay: ZERO. NO PREPAYMENT PENALTY

 

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