HOTEL, MOTEL AND OTHER INCOME PROPERTY

             QSCF can provide financing for qualified income producing properties.  Projects must       
             demonstrate verifiable income and expense numbers to support debt.

 

PROJECT TYPES:     Hotel, Motel, Office Buildings, Shopping Centers, 
                                       Industrial Parks and Mini Storage.

            Loan Amount:            $250,000 to $50,000,000

            Rate:                            5% to 10% fixed

            Term:                           10-20 years

            Guarantees:                 Recourse and Non-recourse

            Lender Fee:                 Varies on a deal by deal basis

            Area:                            Continental United States


HARD MONEY LOANS  $50,000 - $100,000,000
 

            QSCF finances the hard-to-do projects and borrowers.  We specialize in land development,  restaurants, golf courses, bankrupt properties, foreclosures and high-risk situations.  The borrower who has an unusual situation which requires capital as quickly as possible is our specialty.

 

Typical Lending Criteria

Min./Max. Loan Considered:  $50,000 - $100,000,000
Project Type:                           All property types considered, excluding construction 
                                                 loans. Rehab/Renovation loans are acceptable.
Region:                                    National
Collateral:                                First Mortgage on subject and mortgage on additional
                                                 collateral, if necessary.

Typical Rate and Term

Interest Rates:                           11% - 16%
Closing Points:                         4% - 10% (depending on loan size and quality)
Commitment Fee:                     Up to 1% with a minimum of $1,500 paid prior to
                                                  commencement of due diligence. Committment
                                                  fee credited against closing points.
Loan to Value Ratio:                50% - 65% (greater LTV’s will be considered on a 
                                                  case by case basis)
Term:                                        1-3 year interest only
Extensions:                               Available on a case by case basis
Personal Guarantees:                Normally required
Third Party Reports
And Expenses:                         Borrower pays for third party reports including 
                                                 appraisals, environmental and engineering, if 
                                                 necessary; as well as closing costs and lenders 
                                                 legal.
Timing for closing:                  Can close in as little as 10-15 business days.

SMALL CAP. APARTMENT FINANCING

 QSCF can provide apartment financing under $1,000,000. We offer competitive rates and quick closings.

Loan Amount:                           $100,000 - $2,000,000
Rate:                                          5 ½ to 10 % fixed (ARM is available)
Term:                                        20-30 years 
Guarantees:                               Full Recourse
Loan to Value:                          Up to 90% LTV
Processing Time:                      30-45 days
Lender Fee:                              Varies on a deal by deal basis
Area:                                         Continental United States
Assumption:                             Assumable without cost

 

APARTMENT FINANCING

QSCF can provide apartment financing from $1,000,000 and up. The terms and conditions of this financing greatly exceed any comparable financing in the marketplace.

PROJECT TYPES: Apartment buildings and complexes ONLY. Purchase, refinance, new construction and rehabilitation are eligible.

Loan Amount:           $1 million and up
Rate:                          3.5-6% fixed at time of commitment
Term:                         35- 40 years (no balloons)
Guarantees:               All non-recourse (no personal guarantees)
Loan to Value:          Up to 90%
Processing Time:      Approximately 90 days
Lender Fee:               Varies on a deal by deal basis
Area:                         Continental United States
Assumption:             Assumable without cost

                   

                                 

NURSING & ASSISTED CARE FACILITIES

            This product is similar to the apartment financing.

PROJECT TYPES:      Nursing homes, assisted care and congregate care facilities ONLY.  Purchase, refinance, new construction and rehabilitation are eligible.

            Loan Amount:               $1,000,000 and up
            Rate:                              6.5%-8% fixed at time of commitment
            Term:                            35-40 years
            Guarantees:                   All non-recourse (no personal guarantees)
            Loan to Value:              85% for purchase or refinance
                                                  90% for new construction
            Lender fee:                    Varies on a deal by deal basis
            Area:                             Continental United States
            Assumption:                 Assumable without cost

 

 CONSTRUCTION FINANCING

            Loan Amount:             $250,000-$25,000,000
            Rates:                           Rate is tied to prime + 1-3%
            Term:                           1-2 years interest only
            Guarantees:                  Required Personally
            Loan to Value:             70-75%
            Area:                            Continental United States
            Staged valued
            Construction draws:    Mutually acceptable to borrower and lender

           

LAND LOANS

 

            Loan Amount:              $250,000-$25,000,000
            Rate:                             12-15%
            Term:                            1-2 years. interest only
            Guarantees:                  Required Personally
            Loan to Value:             50%-55% max LTV
            Area:                            Continental United States

 

MEZZANINE LOANS

 

          Loan Amount:             $3,000,000 to $20,000,000*
            Rate:                            15% to 25%
            Term:                          1-2 years
            Guarantees:                 Required Personally
            Loan to Cost:              Up to 90% combined LTC
            Area:                           Continental United States

      

ASSET BASED LOANS

            Line Amount:                          $250,000 - $20,000,000
            Rate:                                        WSJ Prime + 2% plus servicing fee
            Term:                                       one year
            Guarantees:                              Personal Guarantees are usually requiredLoan to Value: 80% of    
                                                             eligible Accounts Receivable plus 50% of Inventory
            Area:                                        Continental United States