- Loan amounts: $500,000 to 30,000,000
- Interest rates: high 4’s to 12%
- Origination fee: 1%+
- LTV: to 75%, LTC to 85%
- Term: 12 to 36 months
- Target markets: Southern US and major markets nationwide.
- Property types: Multifamily, office, retail, condo, mixed use, industrial, self storage, and land.
- Closing period: Most loans closed in about a month. Rush closings are available on an exception basis.
- Heartland is now seeking second lien or mezzanine loan opportunities in the $2M to $5M range.