..............Pelorus Equity Group focuses on transactions that need specialized solutions in order to close in a timely manner.  Whether it is to save a purchase transaction or a complex transaction requiring multiple special requirements to satify legal issues with partners, spouses or existing lender situations, we can provide solutions to expedite the close. We have first hand experience and know how to successfully negotiate a structure that is amenable for all parties involved, even the most adversarial situations.

Lending Criteria:

  • Loan Size
    From $100,000 up to $5,000,000, and above on a case by case basis.
  • Location
    California urban and suburban only.

  • Collateral
    Non-owner occupied only, owner user and owner occupied business purpose loans may be considered on a case-by-case basis.

    1st lien position only on: SFR’s, condos, commercial and improved income producing properties.

  • Rates
    From 8.99% - and 4 points.

  • Terms
    1-3 years, interest only, no prepayment penalty.

  • Max LTV
    Up to 65% LTV for coastal counties and up to 60% non-coastal counties.
  • Purchase: Value is based on the actual purchase.

    Refinance: Value is based on Pelorus Equity Group’s opinion of the appraised value of real estate for refinances. We use our own appraiser review process and may require a site inspection.

    Rehab: Value will be based on after repaired or future value.

  • Creative/Flexible
    We offer blanket loans and include points, fees and may include an interest reserve into the loan and multiple income sources may be considered.

  • Due Diligence
    Generally a deposit isn’t required; unless there are unique legal issues or extraordinary due diligence is necessary prior to the loan being approved. When applicable, the upfront deposit is fully refundable, less expenses (approximately $1,000 - $2,500).
     

 

 

 

 

 

 


 

 

 

 

 

 


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Contact
(949) 727-4333
fax (949) 281-3847
© 2010 Pelorus Equity Group, Inc.
DRE #01883368