High Rate Commission Transactions
Development Projects and Commercial Mortgage financing are compensated at a high rate
Letter of Credit Lending
One of the lenders that we represent will lend against an irrevocable, unconditional, assignable, divisible, transferable cash backed Letter of Credit (LC) or standby letter of credit (SBLC) issued by any bank that is AA rated (might consider AA- or A+ rating) provided that the bank has a New York city branch or correspondent bank here in New York, where the LC would be held. The rate for only this specific program is 6.75% and they will lend approximately 97% against its net present value.
Commercial Real Estate
Large Commercial Mortgage
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