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What are the programs terms?
Hi Charles!
I'm with North Avenue Capital. We are a direct, nationwide lender.
$2MM-$25MM, also can do up to $100MM
Hotels, Assisted Living Facility, Manufacturing, Wineries, Hospitals, Courthouses, Jails, Schools, etc.
WSJP+1.5%-3%, up to 30 years
1:1 collateral
25% equity injection for ground up construction
20% equity injection for new business
10% equity injection for expansion, refi, existing business
5, 7, or 10 year declining prepayment penalty
Let me know, if you have any questions!
Such an incredible forum! Thanks for having me!
Hi Charles!
I'm with North Avenue Capital. We are a direct, nationwide lender.
$2MM-$25MM, also can do up to $100MM
Hotels, Assisted Living Facility, Manufacturing, Wineries, Hospitals, Courthouses, Jails, Schools, etc.
WSJP+1.5%-3%, up to 30 years
1:1 collateral
25% equity injection for ground up construction
20% equity injection for new business
10% equity injection for expansion, refi, existing business
5, 7, or 10 year declining prepayment penalty
Let me know, if you have any questions!