E-R-C  LENDING  PROGRAM

·       AMOUNT                     $300,000--3,000,000

·        FUNDING                   1 WEEK FROM LOAN APPROVAL                    

·        RATE                          9.00---10.50%  (INTEREST ONLY)

·        TERM                          1- 5 years

·        PROPERTY TYPE       COMMERCIAL PROPERTIES ONLY

                                              NO SINGLE-FAMILY LOANS

                                              NO CREDIT SCORE REQUIRED, WE DO OUR OWN APPRAISALS.
                                   

·         LTV                              UP TO 75% LOAN TO VALUE                   

·        LOAN POSITION          PRIMARILY 1ST, W / SOME 2ND's

·        LOCATION                   NORTHERN AND SOUTHERN CALIFORNIA

·        POINTS                       1 POINT TO BROKERS REFERRING LOANS

                                             1- 2 POINTS TO LENDER                                                  

                                                 
-   Options may be available to borrowers who are unable to afford their mortgage payments and who wish to avoid foreclosure. Instructions for borrowers, and services to advise them on steps to take to explore those options can be found at WWW.HUD.COM.

-  A list of financial documents borrowers should collect and be prepared to present to the mortgage servicer can be found at the below link: 
           WWW.HUD.COM

- A toll-free telephone number for borrowers who wish to discuss options for avoiding foreclosure is provided below:

You can use the following phone number for assistance:                (800) 950-6522 (Law offices of Richard Witkin)
You can use the following phone number for further assistance:    (866) 232-9080 (A HUD-certified counseling agency)