Type of Loans:

First Trust Deeds only..

Types of Property:

Commercial, industrial, apartments, residential, churches, schools, special purpose property and entitled and zoned land.

Location:

California only.

Loan Amounts:

Typically $1,000,000 to $15,000,000.

Interest Rates:

8.9% to 9.9%, interest only, based on the quality of the property, location of the property, credit worthiness of the borrower and amount or size of the loan.

Fixed for the first 12 months; Rates for terms in excess of 12 months are prime based.

Origination Fees:

Lone Oak determines the amount the origination fees based on the quality of the property, location of the property, credit worthiness of the borrower and the amount or size of the loan.

Loan Maturities:

From 30 days up to 12 months with 6 month extensions, up to an additional 12 months.

Loan to Value:

Up to 60% on improved property and 50% on entitled urban lots. Third party junior financing can be arranged for up to 70%

Appraisals:

Not required, though helpful if available.

Tax Returns:

Not required.

Time to Fund:

One week or less.

Closing Costs:

Standard third party costs such as title and escrow. No legal or junk fees.

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