First Mortgage Loans

$7,500,000 to $25,000,000

Refinance and Purchase

Term:                 Five to seven years generally, 10 years maximum.  (10/25)

Interest only:     VCL loans are typically interest only loans.

Interest Rate:     Rates will vary and will be commensurate with the quality of the property, type of property, deal size and credit factors.

Payment Rate:   A payment schedule is negotiable on each particular deal.

Fee:                    1.0% – 3.0%.

Prepayment:      Usually, depending on the needs of the Borrower.

Loan-to-Value:  Up to 85% of appraised value, depending on property.

Endorsements:   In most cases, personal guaranty(s) will be required.