Acquisition Loans

 

Jernigan Capital offers acquisition loans at 90% Loan to Value and non-recourse on stabilized properties. The loan programs allow you, the borrower, to maximize the return on your capital invested.

 

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901.567.9510
LOAN AMOUNT $2,000,000 and up
LOAN TERM Generally 6 Years
SECURITY First mortgage
LOAN VALUE Up to 90% Loan to Value on a stabilized property
AMORTIZATION Interest only
ORIGINATION FEE Generally 1%
PREPAYMENT FEE 3-2-1-0 after 3
DUE DILIGENCE DEPOSIT $20,000
RECOURSE Non-recourse on stabilized properties with customary carve-outs
INTEREST RATE TBD