E-R-C  LENDING  PROGRAM

·       AMOUNT                     $500,000--$5,000,000

·        FUNDING                   AS SOON AS 1 WEEK FROM LOAN APPROVAL                    

·        RATES                          8.00---9.75%  (INTEREST ONLY)

·        TERM                          1- 5 years

·        ORIGNATION FEE      1-2 Points

·        PROPERTY TYPE       COMMERCIAL AND RESIDENTIAL LOANS                                 

·         LTV                              UP TO 70% LOAN TO VALUE                   

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

·        LOCATION                   CALIFORNIA & HAWAII                                    

                                                 
-   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)