Financing Purpose:
Interim or short-term financing necessary to achieve necessary operating levels.

Property Types:   
All commercial property types. 

Loan Amount:
$100,000 – $500,000,000

Interest Rate:
Variable rates. 

Mortgage Term:
From 1 to 30-year terms.

Amortization:
All Types of Amortizations. 

Prepayment Penalty:
Typically there is no prepayment penalty. Sometimes a financial institution will Request it.

Collateral:
First mortgage on subject real estate.

Debt Coverage Ratio:
Depends upon the project. JEBENA will look at start-up projection loans, as well as turn-around scenarios and stabilized business/property.

Recourse:
Full guarantees of all principals whom own 20% or more of the business. JEBENA Group may request those with less than 20% ownership to guarantee the note should the loan request deems extra strength to the transaction.

Loan-to-Value (LTV):
65% LTV

Loan-to-Cost (LTC):
Up to 80% of the Loan-to cost (LTC) and requires borrower injection of at least 20%.

Secondary Financing:
Secondary financing is allowable upon approval

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