LIQUID FINANCING Just add "LIQUID"  and you're DONE!    Introducing a New Funding Option for Owner Occupied Business Minimum Loan Amount: 1 Million Dollars LTV 80% Owner Occupied Properties 20 yr amortized The interest rate will be based off of the 30 day LIBOR index (which is 1.74% today (9/15/04) + a margin of around 15bps - 18bps then a cost of 125-150bps for the letter of credit to give the bonds This means you will be servicing your debt at a current interest rate of approx. 3.14-3.42%.  This gives you the potential for huge cash flow savings and frees up capital for other business needs or gives you a better opportunity to make large principal deductions.  This program also contains a “fixed rate swap” feature that you can take advantage of at any time that allows you to fix your rate in a rising interest rate environment.  This means you can convert your present note to a 3-5yr fixed rate at any time.  The 5yr fixed rate swap quoted to me this past Friday was 3.97% (these change daily). There are also no prepayment penalties, yield maintenance, or defeasance associated with this financing program.  You can finance the loan up to a 20yr term/amortization period.  Requirements:   -Previous bankruptcies are reviewed by a case by case basis -No min. credit score requirement but principals must have good credit -Business must produce the last three years corporate returns & financial statements; businesses in operation less than three years reviewed on a case by case basis; NO STARTUPS -Owner occupied business properties only, NO multi-family or residential development deals -1 Million Dollar minimum loan amount I need to receive the last 3 yrs corporate returns on the company, YTD P&L statement, an executive summary detailing some information about the company, proposed project, purpose of the loan and any cash proceeds being requested, and any other information you feel is pertinent to the underwriting process.  After I submit this initial package it usually takes about a week to hear back from them.  If they are interested in pursuing the deal they will issue an “approval letter” that will spell out the terms and costs associated with closing your transaction.  A representative from the lender will either personally meet with you or conduct a conference call to go over everything with you.  It usually takes 45-60 days to complete all their due diligence and close on the transaction.