Hi, its plain and simple. Most lenders require 20 to 35% skin in the deal. We require 10% of loan amount down from loam from 1 million to 99 million. For loan of 100 million and greater we require 5% percent down of loan amount you require.
Here is how it works:
Your 10% down will be deposited into and escrow account for 14 days. This is how a BG loan works. Then after the 14 days you are funded, your 10% is returned to you plus an additional 20%.
Thus funding is in 14 days, interest rate is Prime + 2.
If interested send me email to: [removed by admin]
Thanks Isabel
Here is how it works:
Your 10% down will be deposited into and escrow account for 14 days. This is how a BG loan works. Then after the 14 days you are funded, your 10% is returned to you plus an additional 20%.
Thus funding is in 14 days, interest rate is Prime + 2.
If interested send me email to: [removed by admin]
Thanks Isabel
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