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2010 Program
Highlight
 

          CAPITAL ACCESS LENDING PROGRAM

   $1.5 Billion Available for Commercial Lending
   Loan Amounts $100,000 - $20,000,000
   Program Underwritten by National Credit Unions.


   Funding Available for Real Estate and for Equipment
   Purchases.
   Most Property Types (No Gas Stations and No Hotels/Motels)

   ESTIMATED RATES:
   5 YEAR FIXED TERM 6.5%
   10 YEAR FIXED TERM 7.0%
   25 YEAR TERMS NO PREPAYMENT PENALTY

   ITEMS NEEDED FOR TERM SHEET: (Click to download)
   1.  Personal Financial Statement
   2.  Schedule of Real Estate Owned
   3.  Signed Form 4506 Personal
   4.  Signed Form 4506 For Business or Real Estate Entity
   5.  Historical Operating Statement
   6.  Quick Summary of Deal

   DSCR Minimum Requirement 1.25
   MAXIMUM LTV: 70%
   Credit: Minimum Mid FICO is 680 however strong deals will
   allow some exceptions
   Closings can occur in 45 days.
   Lender will order Borrower credit reports, Appraisal & Title
   Reports (except on purchases)

   LENDING AREA AS OF: 3/2009
   NY, CT, MD, VA, TX, NH ATLANTA, ORLANDO, TAMPA,
   PHILADELPHIA

   UNDERWRITING NOTE:

   The general condition of the economy requires an over
   abundance of caution and underwriting that is deep and
   conservative. Our posture is to focus lending only on those
   industries and sectors that show stability and solid
   underwriting fundamentals. All loan originations will focus on
   borrowers that have the ability and resources to weather the
   drastic economic conditions that we are experiencing and will
   continue to experience for the next 24-36 months.