New Smyrna Beach (NSB)  Investors 14
Loans for Experienced Residential & Commercial Real Estate Investors


Summary of Terms

Standard Interest Rate and Fees

Loan terms are determined on a case by case basis.  However, the following list of terms is our standard agreement and generally represents the minimums.

New Smyrna Beach (NSB) Investors 14 can also provide transactional funding or "double closes".  To inquire about a transactional loan, please contact us.

  1. The program is for commercial or personal use. Loans are only to entities.

  2. 1 to 4 units. Multifamily & New Construction.

  3. Interest Rates: As low as 7%.

  4. Points: Minimum 2 points paid.

  5. Minimum Interest: $1,200 including points and interest. Only applicable if points and interest come to less than $1,200.

  6. New Smyrna Beach (NSB) Investors 14 must have a 1st or 2nd position Deed of Trust on the collateral.

  7. New Smyrna Beach (NSB) Investors 14 must be the first payee on the insurance policy. The policy must be issued and paid for 6 months or the term of the loan, whichever is longer.

  8. New Smyrna Beach (NSB) Investors 14 must be named on the Title Insurance policy.

  9. $500 fee at termination of loan to cover wire fees and satisfaction of liens.

  10. Maximum Loan Amount: No maximum loan amount but note the minimum points and minimum interest described above.

  11. Minimum Loan Amount: $250,000.

  12. Term: Maximum 6 month loan with optional extensions.

  13. Extensions: 24 months with 2 additional points, lender approval, and the current term being paid to date with no late payments. Or, no points, and interest increasing to 25% from the date of extension.

  14. $100 late fee for any interest payments received after the due date.

  15. We do not require Personal Guarantees. We will require a credit check during the new client application process.

  16. New Clients must pay off the first loan before a second loan will be funded.

  17. Max Financing 80% LTV

  18. Condominiums and town homes require additional discussions. Keep in mind that some HOAs do not allow rentals.

  19. Clients may have partners, but must be the controlling partner.

  20. Any other fees associated with the closing of the loan (e.g., attorney fees) are the borrower's responsibility.

  21. Promissory Note will spell out specific details.

If you have questions, feel free to contact us.

By requesting a loan, you are certifying that the intended purpose of the loan is for business or personal use. Rates vary based on the level of risk. The information above is for illustration purposes. The obligation of the parties is determined solely by contractual agreement.