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The following
information is to be used for illustration purposes only and is subject to
change. This information contains summaries of terms and requirements for
cemetery and funeral home financing which
are subject to changes in market conditions and underwriting requirements.
Terms and conditions must be customized for each loan request.
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Option
1
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Interest
Rate:
New York
Prime plus 3.50% adjustable daily.
Term: 15 years, fully amortized.
Loan to Value:
Up to 90%
Recourse: Full
Loan Fee (s): 4-6% of
amount financed.
Requirement: Borrower must enroll funeral home business into Master
Management
Agent Program which provides
Lender with
additional layers of
collateral protection.
Loan Caps:
$500,000
- $5 million
APPLY
HERE
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Option
2
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Interest Rate:
New York
Prime +2.75% adjusted on a calendar quarter basis.
Term: 23 years <> fully amortized Permanent.
Term: 6 – 12 months on
construction
Prepayment Penalty: 5-4-3-2-1
Loan to Cost:
Up to 75% on construction
Loan to Value: Up to 75%
acquisition and refinance
Recourse: Full
Loan Fee (s): 3-4% permanent,
3-4% construction
Loan Caps: $200,000 - $2.5 million
APPLY
HERE
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Option
3
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Interest Rate:
New York
Prime plus 3-4% adjusted quarterly
Term: Up to 20 years, fully amortized.
Loan to Value:
Up to 80% real estate +
$500,000 business
Recourse: Full
Prepayment Penalty: Subject
to loan term
Loan Fee(s): 4-6% of
amount financed.
Loan Caps: $300,000 - $5
million
APPLY
HERE
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Option
4
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Interest Rate: 11
– 13% Fixed
Term: Up to 3 years
Payments: Interest only
monthly
Loan to Value:
Up to 60%
Recourse: Full
Loan Fee(s): 4-6% of
amount financed.
Loan Caps: $300,000 - $20
million
Security: Land, Building plus
Business
APPLY
HERE
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