There is a 4 step application procedure designed to expedite the approval process.
All program information and documents should be sent to the contact by clicking here.
1
24 Hour Review
Preliminary Review
Expert underwriters review loan request information and documents to determine eligibility. Eligible properties include:
- Property Type: Office, Industrial, Retail, Apartments and Hotel.
- Location or Markets: 1st + 2nd Tier cities – Populations >1 million.
- Equity Requirement: 25% to 40%
- Borrowers: Partnerships, JV, Corporations, LLC’s and Individuals
- Construction, redevelopment, acquisition, refinance or rehabilitation/modification loans
- Loan Sizes: $5 – $200 million
- Term: < 36 months, extensions available for additional premium
Eligible Loans Covered:
- Construction, redevelopment, acquisition, refinance or rehabilitation/modification loans
- Loan Sizes: $5 – $200 million
- Term: < 36 months, extensions available for additional premium
2
Application Completion
A formal application is required, along with complete loan request details, lender package, and application fee of $7,500.
3
10 Business Day Turnaround
Underwriting and Approval
Comprehensive underwriting is performed by LGIS, mirroring the lender’s procedure to the deal. Factors to be considered:
- Financial soundness
- Project feasibility
- Location
- Experience of team (sponsor/borrower/management/
development team) - Approved lender documentation
- Acceptable lender qualifications – to service and administer the loan
4
Issuing Loan Insurance Binder
Loan Insurance Binder Letter issued along with the policy at closing, Premium of 1.50% – 3.75% of loan amount collected at loan closing.