Newsletter Date: June 2, 2010

 

Dominion Mortgage’s real estate fund, Dominion L.A. , is now entering its second year.  This fund has excess funds now and we need product!  We want to lend. Our process is simple.  Call us and speak to the decision makers now.

DOMINION HAS AN IMMEDIATE NEED TO DEPLOY APPROXIMATELY $5,000,000 IN MORTGAGE FUNDS.  WE PREFER THE SOUTHERN CALIFORNIA AREA BUT WILL CONSIDER  LOANS  UNDER  THIS  PROGRAM  IN  OTHER  WESTERN  STATES.

We can review existing appraisals and consider lending on the following property types:  

*  Multi-family                                          *  Single Tenant
*  Hospitality                                            *  Special purpose
*  Office                                                   *  Assisted living facilities
*  Retail                                                    *  Medical office buildings
*  Industrial                                               *  Non-owner occupied SFR

 

DOMINION L.A. PROGRAM HIGHLIGHTS

Loan Amounts:         $40,000 to $1,500,000

Loan Types:              Refinance, purchase, rehab, and "turn around" situations

Collateral:                  First or second lien positions

Interest Rate: Fixed at 9%-13%, depending upon property and borrower’s credit

Terms:                        12 to 24 months, interest only

Loan to Value:          Up to 65% 

Prepayment:             No penalty for early payoff

Loan Fee:                  Depending upon property and borrower's credit

 

Dominion Mortgage Corporation was established in 1977 and is a nationwide provider of real estate loans starting at $1,000,000. Dominion is known for financing properties that other lenders shy away from, such as single tenant or owner occupied properties, specialty healthcare properties and other unique transactions.

 



Real Estate Magazine's "Top 40 US Lender and Intermediaries."
For more information about our commercial mortgage products, please call Loren Thall at:
Telephone: (310) 477-3041, ext 127
E-mail: thall@dominfin.com
Corporate Offices: MetLife Plaza * East Tower * 11355 W. Olympic Blvd. * Suite 210
Los Angeles, CA 90064-1616 * http://www.dominfin.com

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