1. © Sterling Commercial Capital, August 2015. Subject to Change Without Notice
My Bank wouldn’t touch that loan…
2930 Banks Street
New Orleans, LA 70119
800-497-8606
bopert@sterlingcommercialcapital.com
Construction: Multifamily, Commercial, Hospitality
Retail, Special Purpose and Land Lending Programs
Continental US Only
Bank Style:
Minimum $5,000,000 - no maximum. Maximum 70% LTV up to 100% LTC
Requires ALL of the following : (1) already own the land (2) the land is free and clear (3) have all of the
approvals and (4) shovel ready (5) 40% preleased or presold – OR - another income producing collateral
where we can file a subordinate lien to cover debt service (6) creditworthy principals.
 First position
 Five year note
 Loan amount for this fund-controlled development and construction project will not exceed 70% LTV
of the completed value and not to exceed 100% LTC, all-in, of the total project hard costs.
 [If land NOT free and clear, loan will not exceed 70% LTC.]
 Borrower must have the other 30% of the project costs in cash and/or equity in the land.
 Points, broker commissions and interest reserve set aside from loan proceeds on the first draw, not
to exceed 70% of the As-Is-value-in-place.
 The interest rate will be 7% to 9% per year and set after the underwriting.
 Interest-only payments paid monthly for the first 2 years and then 20 year amortization for remaining
3 years of this 5 year loan.
 Origination fees are 3-5 points (the points will be deducted out of loan proceeds at the close)
 No exit fees
 Prepayment penalty (PPP) is 12 month’s interest
 Release clause of 80% of actual sale price of any units, if required.
 The construction project will need to be 40% pre-leased or pre-sold for all units being built to be
leased or sold.
 OR
 Without the pre-leases or pre-sales, we require additional collateral that is cash flowing (using any
type of steady cash flow stream to yield a 1.0x DSC) for the debt service, where we will file a subordinate
lien.
 We require a strong guarantor(s) with this quote – demonstrate that the required cash is available, liquid,
good credit, experienced, etc.
 $3,000 due upon acceptance of the LOI, and then a deposit when a commitment is issued, which
will be applied to the 3rd
party costs and legal (commitment deposit)
 Funding date of 45 days from letter of intent being accepted allowing 30 days for appraisal

2. © Sterling Commercial Capital, May 2015. Subject to Change Without Notice
Private Money Loan Programs:
A. Minimum $5,000,000 – no maximum; 70% LTV to 100% LTC
Requires (1) land already owned (2) free and clear (3) all of the approvals (4) are ready to pull the
permits, (4) no pre-sales/leases required (5) creditworthy principals.
 First position
 One year or two year Note
 If land free and clear, up to 100% of Loan to hard costs, not to exceed 70% LTV.
 Points, broker fees and commissions and the interest reserve paid out of the loan proceeds on the first
draw.
 With this quote we will not make any lien pay downs or pay offs.
 Liens may remain but in a subordinate position.
 No cash out and No acquisition money – funds used for construction costs only
 The interest rate will be 8-10% per year and set after the underwriting.
 Interest only payments paid monthly.
 Origination fee 8-10 points (the points will be deducted out of loan proceeds at the close)
 Prepayment penalty (PPP) is six months of interest payments.
 Release clause of 85% of sale price for units sold as needed
 $3,000 due upon acceptance of the LOI, and then a deposit when a commitment is issued, which will
be applied to the 3rd party costs and legal (commitment deposit)
 Funding date of 45 days from letter of intent being accepted allowing 30 days for appraisal
B. Minimum $5,000,000 – no maximum 60% LTV and 60% LTC.
Requires (1) land to be acquired (2) all of the approvals (3) are ready to pull the permits; (3) no
presales/preleasing required (4) creditworthy principals
 First position
 One year to two year note,
 Loan amount not to exceed 60% LTV of the completed value and not to exceed 60% LTC all-in.
 [If land owned and free and clear, up to 100% of LTC, not to exceed 70% LTV]
 Borrower must have the other 40% of the total project costs
 Points and the interest reserve paid out of the gross loan proceeds on the first draw
 The first draw will not exceed 60% LTV of the As-Is value
 The interest rate will be 10% to 12% per year and set after the underwriting.
 Interest only payments paid monthly ...
 The costs is 8-12 points (the points will be deducted out of loan proceeds at the close)
 Prepayment penalty (PPP) is six months of interest payments
 Release clause of 85% of sale price if needed ...
 $3,000 due upon acceptance of the LOI, and then a deposit when a commitment is issued, which will
be applied to the 3rd party costs and legal (commitment deposit)
 Funding date of 45 days from letter of intent being accepted allowing 30 days for appraisal

3. © Sterling Commercial Capital, May 2015. Subject to Change Without Notice
C. Minimum $5,000,000 – no maximum 60% LTV and 60% LTC.
Requires (1) land to be acquired (2) do not have all of the approvals (2) not ready to pull the permits (3)
creditworthy principals
 First position
 Two year note
 Not to exceed 60% LTV As-Is market value, or not to exceed 60% LTC of the total project costs (with
this quote the “As-Is” market value is what the collateral can sell for after marketing the collateral for up
to six months)
 The interest rate will be 11% to 13% per year and set after the underwriting ...
 Interest only payments paid monthly
 Any needed interest reserve will be deducted out of loan proceeds at the close
 The origination fee is 8-12 points (the points will be deducted out of loan proceeds at closing)
 Prepayment penalty (PPP) is six months of interest payments.
 Funding date of 30 days from commitment being accepted
 $3,000 due upon acceptance of the LOI, and then a deposit when a commitment is issued, which will
be applied to the 3rd party costs and legal (commitment deposit)
 Funding date of 45 days from letter of intent being accepted allowing 30 days for appraisal
Private Money with Great Credit Loans:
$1 million to $3 million maximum loan - 80%-100% LTC
Three (3) to five (5) strong U.S. Resident Guarantors required with 700 or better FICO scores
 With 3 Guarantors, loan not of 80% LTC all-in not to exceed 75% LTV
OR
 With five ( 5 ) Guarantors loan of 100% LTC all-in not to exceed 80% LTV
 For a land only, not to exceed 50% to 60% LTV of the As-Is value
 First position or 2nd position
 Interest only payments year one, amortizes beginning year 2.
 Loan matures in 10 years
 20 year amortization
 Prepayment penalty (PPP) is 5% for five yrs.
 Release clause of 85% of sale price
 9% to 12% interest per year and set after the underwriting,
 Origination fee of 6 points
 $3,000 due upon acceptance of the LOI, and then a deposit when a commitment is issued, which will
be applied to the 3rd party costs and legal (commitment deposit)
 Funding date of 45 days from letter of intent being accepted allowing 30 days for appraisal