Lending Parameters - Uncaged Capital LLC

How it Works.

After we receive and review a brief pre-approval form(Loan application form), we provide a clear and competitive term sheet. In the pre-approval form, we ask for basic details of your loan request including a description of the collateral. Please be prepared to provide the following information:

Deadlines and dates which are critical to the transaction.
The specific property address.
Whether the loan is for property acquisition or refinancing of an existing loan.
The purchase price of the property.
The intended renovation budget.
The intended asking price for the property (assuming the project is going to be resold after renovation)

Lending Parameters Summary

Loan amount:	$500,000 – $100,000,000 (We syndicate and raise capital for loans outside our lending parameters)
Loan-to-value:	Up to 85%
Loan-to-cost:	Up to 85%
Term:	Short & loan term program tailored to fit different loan scenarios.
Origination Fee:	0.1 - 2%, depending on a loan duration, pledged collateral, and risk
Rate:	Starting at 9.5%; vary based on risk, the value of pledged collateral, borrower’s experience, type of collateral, loan amount, and loan duration
Closing time:	7 – 14 business days
Loan structure:	1st lien position or junior/2nd lien position

Underwriting Guidelines

* Application Submission:
The Borrower shall be required to submit a formal application by filling our simple loan application form. We will quickly evaluate your request and send you a quote.

* Lock In Rate:
If the borrower agrees with the repayment quote sent, the borrower shall append his signature to lock in rate (negotiable).

* Document:
The Borrower shall send documents already listed above for review and approval.

* Executing Loan Contract:
The Borrower shall be required to sign the loan agreement contract.

* Loan Origination Fee:
Borrower will be required to pay loan origination fee (one point) as compensation for processing a new loan.

* Funding:
Loan funds shall be wired as directed by the Borrower.

* CLOSING:
Typically, 3-7 business days after submitting an application, we shall work to accommodate a quicker closing if possible. Thank you and i look forward to hear from you.