(Everywhere
In The United States of America, Elsewhere On A Case-By-Case Basis)
Best Choice Mortgage provides many loans
to individuals, corporations, partnerships, businesses, and other entities.
Consulting Services - We provide invaluable consulting
services to principals for all types of financial transactions on a
case-by-case basis via a customized service contract.
Lender and Source Types - We have establishes numerous
professional relationships with Public & Private Investors.
Financing Types - We are able to provide loans for: acquisition and
development of unimproved, transitional, and improved real estate; businesses,
machinery; and equipment; inventory; accounts receivable; import and
export; working capital; startup; venture capital; equity related; private
placement; buyout; merger and acquisition; recapitalization; bankruptcy
and reorganization; other.
• Real Estate Property Types
• Multi-family
• Mixed-use
• Office/office warehouse
• Retail
• Health Care/ Medical Related
• Hotel/ Motel/ Resort
• Entertainment
• Industrial (light and heavy)
• Maritime
Non-
Real Estate Property Types
• Intellectual Property
• New Technologies
• Computer and Related
• Communications
• Natural Resources
• Chattel
Preferred
Mortgage Products
• Permanent
• Bridge
• Construction
• Asset Based
• Land Development
Non-Recourse Loans and Recourse Loans
• Non- Recourse Loans are loans without personal guarantees
• Recourse Loans are loans with personal guarantees
Preferred
Loan Size
• $1 million to $500 million (will consider other)
Common
Amortization
• Fully amortized (5 to 40 years)
• Balloons and Interest only(1+ years)
Preferred Debt Service Coverage
1.25% DSC (will consider other)
Rates
Fixed and Variable interest rates tied to corresponding CMT (Constant
Maturity Treasury) index for that loan term with margins locked from
1.0% to 3.0% depending upon DSC and collateral offered (other indexes
applicable depending upon loan type)
Loan to Value
50.0% to 85.0% LTV; will consider up to and over 100.0% LTV and CLTV
on case- by- case basis; and up to 90.0% LTV for established non- profits.
• Items To Be Provided by Applicant
• Loan Proposal
• Business Plan
• Company Structure and History
• Resume of Principals
• Industry and Product Description
• Product Literature
• Income Tax Returns
• Current Asset and Liability Statement Including All Accounts
Receivable and Payable
• YTD and All Annual Income and Expenses Statements
• Financial Projections and Assumptions
• Any Existing Environment, Engineering, Appraisal, and Property
Reports (if available)
• Any Other Existing Property Reports and Related Information
(if available)