Age Restricted Housing Mezzanine/Preferred Equity Program.
Mezzanine/Preferred Equity provides additional capital that reduces the amount of cash investors need to fund their loan. With this program, borrowers only need to bring 5 to 10% cash to the closing table.
The property’s first mortgage must be financed through Eagle to qualify for this program.
*Finance/refinance 75% of purchase price; 85% to 90% by adding mezzanine financing or preferred equity to capital stack
*$1 Million to $15 Million (including preferred equity and mezzanine financing)
*No minimum credit score required (asset based lending)
*No tax returns or income verification
*Interest reserve can be built into loan so no monthly payments
*Term: 6 to 36 months
*No prepayment penalty
*First lien: 7.5% to 8.5%; mezzanine/preferred equity cost subject to underwriting
*1st lien required
*Foreign nationals welcome for USA properties
*Loans funded in 20 to 30 days WF
To submit your online loan request, please click the blue GET STARTED Link to receive your PRE-APPROVAL Term Sheet within 48 business hours. No upfront fees, Social Security Numbers, credit checks or credit cards are required for PRE-APPROVAL.