Olympia Financial provides equity-based financing for commercial and residential real estate property. We work with borrowers who do not meet the stringent requirements of conventional underwriting guidelines. Below is a brief outline of our lending criteria.
· Loan Types: 1st and 2nd Trust Deeds (3rd's will be considered)
· Property Types: Residential, Commercial, Mixed Use, Apartments, Specialty Commercial Properties.
· Borrower Types: Individuals, Trust and Estates, LLC's, Corporations and Partnerships
· Loan Purpose: Acquisition and Refinance
· Loan Amounts: $100,000 to $15,000,000
· Loan Terms: 12-24 Months (longer terms to be considered)
· Loan to Value: 70% (higher on a case by case basis)
· Pricing: Typically 9-12% Interest Only
· Lending Area: California