Rates starting at 6.25%
Terms from 6 months to 5 years
Up to 70% loan to value, 1st and 2nd TD loans
Single Family, Multi Family, Industrial, Retail, Mixed Use, Entitled Land and Construction
California only
Only for use as business, investment or non-consumer purposes
Rates as low as 2%
Terms from quarterly adjustment up to 25 years fixed rate
Up to 90% loan to value
Owner-User, Investor, Conventional, SBA, USDA
All property types considered
Nationwide lending
Direct non-bank lender
1st position refinance
Loan amount: $200,000
40% LTV
Borrower inherited the home and needed funds to rehab the property before listing for sale. Telos provided a 12-month interest only loan for the renovation and the property is expected to be listed in 4-6 months for sale.
2nd position refinance
Loan amount: $350,000
60% LTV
The property was partially leased and the borrower needed funds to make improvements prior to leasing up the property. Telos provided a 12-month interest only loan for renovations and will refinance the senior loan to pay off the 2nd loan once fully occupied.
1st position purchase loan
Loan amount: $1,100,000
55% LTV
Borrower was in contract to purchase and needed to close in 20 days for a light industrial property that they intend to use for their business. Telos provided a 5-year loan for the borrower to make improvements, move in and stabilize their business operations. Once stabilized, the borrower will refinance into a permanent loan product.
1st position purchase loan
Loan amount: $10,900,000
85% LTV
7-year fixed rate, 25-year term
1st positon refinance loan
Loan amount: $610,000
75% LTV
5-year fixed rate, 30-year term
1st position purchase loan
Loan amount: $2,000,000
62% LTV
5-year fixed rate, 30-year term