UNION MORTGAGE CORPORATION

Commercial Mortgage Lending

 

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RECENT LOANS

REAL ESTATE LENDING
                  Types of Loans
           
                        Short Term  or   Permanent 
        
       Up to 10 year  terms with 20 - 30 year amortization

                    Flexible pre-payment structure  
        
                           Lending Parameters


                       Quality Properties Including

                  office,  retail, mobile home parks
  
               warehouse, mixed use, factory outlets,

                    assisted living,   medical office
 

                          student housing and 
         
                   various energy related projects 


                                     Loan Size:  
  

           $2m to $20m      $5 - $10m 'sweet spot'

                                    Location:  
   

                                 Anywhere USA

                                     Rates:          

                     
                                     6% - 7%
 
                                Fees up to 2%
 
     Deposits for Due-diligence and 3rd Party Reports


                                  Loan-to-Value:    

 

                    Generally 65% - 75% on all loans

                                  Debt Service:


                                  Minimum 
1.25%