Lending Criteria Summary

CM Capital Services has been originating, underwriting, and servicing real estate loans for over three decades. Our experience provides builders and developers with a reliable lending resource for land acquisition, development, and construction loans throughout the Western United States.

The advantage of borrowing with CM Capital Services is our ability to rapidly process and fund a loan with reduced paperwork, unlike conventional lenders. Our loans may range from $500,000 to $15 million. The majority of our loans are 6 to 12 month loans with the option to extend on a case-by-case basis.

We look forward to serving your real estate loan needs!

Commercial Loan Borrower Criteria

Types of Loans
At CM Capital Services, we offer the following loan types:

•  Acquisition of distressed assets from regional banks, the FDIC, and other lenders
•  Residential or Commercial
•  Acquisition & Refinancing
•  Development & Construction
•  Bridge Loans & Income-Producing Properties
derwriting Criteria
CM Capital Services generally lends within the following loan-to-value ratio ranges depending upon property type, location and other relevant factors associated with the property.

•  Land Acquisition - up to 60% of the acquisition value of the land
•  Development - up to 65%
•  Construction - up to 75%

CM Capital Services prides itself in knowing and understanding our Borrower's needs. We proactively request information not only to better serve our Borrowers, but also to provide Investors with an overview of the Borrowing Entity and strength of the Guarantor(s).

Documentation Requirements
The following are some examples of information required for each loan:

•  Detailed description of the loan request
•  Exit strategy
•  Preliminary Title Report
•  Purchase or option agreement for the property
•  Documentation for Borrower entity (Articles of Incorporation, Operating Agreement, etc.)
•  Current Appraisal of the project
•  General liability or hazard insurance
•  Current Financial Statements and two most recent tax returns for the Borrower and Guarantor(s)

If applicable:

•  Phase I Environmental Report
•  Design plans for the project
•  Construction cost breakdown

Interest Rates
Depending on the loan type, interest rates typically vary between 12% and 14%.

Points
Points vary depending on the project and range from 2.0% to 6.0%.

Term
Loan terms are generally between 6 to 12 months. Extensions may be offered subject to additional fees. Longer term loans are considered on the overall project viability and strength of the guarantors.

Personal Guaranty
Personal Guarantor(s) are required on most loans.

Loan Size
Loan size may vary between $500,000 to $15 million.