Real Estate Loans

  • Mostly first-liens, i.e., we are first to get paid back in case of liquidation.
  • Conservative loan-to-values of 50-70%.
  • Valuation always by a third party valuation company.
  • Typical duration of 3-12 months.
  • Juicy interest rates of 10-15% per annum.
  • Low delinquency rates, low default rates, low losses given default.
  • Banks are simply too slow and uninterested to finance development properties.