DISCOUNTED NOTES
Discounted Note loan/purchase from Security National Commercial Capital
Security National Commercial Capital provides financing for the acquisition and refinance of both performing and non-performing mortgage loans. Many lenders, in an effort to avoid the time and expense associated with the foreclosure process, are selling loans at a discount. Security National is one of the few lenders willing to refinance or purchase discounted notes due to the complicated nature of distressed debt situations. Also Security National will work with borrowers to deleverage existing debt.
Discount Note Details
| Current Discounted Note Details from SNCLoans | |
|---|---|
| Property Types: | Commercial, multi-family, office, retail, industrial, flex R&D, medical office, flagged hotels |
| Loan Term: | Existing Note |
| Loan Purpose: | Purchase or refinance |
| Loan Amounts: | $1,000,000-$9,500,000 |
| Loan Amortization: | Per existing terms |
| Loan to Value: | Case by case < 75% LTV or cost |
| Security: | 1st Lien only |
| Prepayment Penalty: | None |
| Assumable: | No |
| Required reports: | M.A.I. appraisal, environmental screen or level 1 EPA |