UNION MORTGAGE CORPORATION

Commercial Mortgage Lending

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REAL ESTATE LENDING
           TYPES OF LOANS
           
     Short Term, Bridge, Mezzanine, Permanent 
        
            1 - 3 years, 5, 7, 10 year terms           

Interest Only, P & I with 25 to 30 year amortization

FHA Construction and Perms with up to 40 year terms
            
Equity and Mezzanine Debt 
 

             LENDING  PARAMETERS

                          Property Types:

 All types including apartment, office, retail, industrial,

     warehouse, hotels, mixed use, medical facilities,

             mobile home parks and others

                              Loan Size:    

                          $2m to $50m        

                              Location:     

                             Nationwide

                                Rates:          

                 Competitive market rates

                           Loan-to-Value:    
 

Up to 85% on FHA loans, 80% on apartments and   

                 generally 75% on all others

                            Debt Service:

       As low as 1.18% on FHA, others start at 1.20%
 
 

                   INVESTOR FUNDS:


        Pension Investment Funds I, II, III & IV
 

                          Conduits


                 Government Programs