Residential and Commercial Loan Programs Spelled Out!

2010 is shpaing up to be everything we had hoped it would be with great rates and prices. Be bold and get out there, good things will happen. Certainly the real estate lending will be there to support you. Signet's lenders and investors continue to approve and fund loans for qualified buyers. Our Commercial Tier-1 lenders have fully amortizing, fixed-rate programs for investor and owner-user office, industrial, and retail properties with floor rates of 6.25%. FNMA Multi-family, 30 due in 5 rates at about 5.5%. Owner-occupied Residential 30-year Fixed Rates are still at 4.875% for the price of an origination and normal closing costs. This is a slight improvement after a volatile week.

And that's not all. These programs are just part of Signet's available lending programs to help you, your friends and clients get deals done and move into dream properties. Here are some additional loan program ideas:

Signet Residential Loan Program Examples

• FHA 96.5% LTV, gift money OK for down payment
• $8k Refundable Home Buyer Tax Credit
• Access 99.5% LTV program for CA properties
• USDA RD 102% programs in rural areas
• 203K Renovation purchase and refi products
• Cal STRS 80/17 programs for CA properties
• Fannie and Freddie conventional
• Second-home rates = Principal residence rates
• Construction and C-to-P lending - no spec
• Lot loans
• Jumbo Fixed- and Adjustable-Rate products
• HELOCs and Unsecured LOC (see below)
• INVESTORS -
• •o Same low rates with one-time 1.75 pt cost
• •o No point programs available
• •o UP TO TEN Properties allowed

Signet Commercial Loan Program Examples

Tier-1 25 due in 25, no-call, LTVs of 55 (Inv) to 60 (OU)

• 5-yr fixed 6.25%
• Qtr-Adj at 5.5%

Now may be the time to refi ahead of future rate increases in your call period

Tier-2 30 due in 15, no prepay penalty

• Higher LTVs 75 (Inv) to 80 (OU)
• 5-yr fixed 7.25%
• Qtr-Adj at 6.5%

Don't take your chances with just 1 Bank, Let Signet find multiple answers!

Tier-3 Bridge Money * Mezzanine Financing - Get that deal done and stabilized, then refi into Tier 1 or 2

Government-Guaranteed Owner-User Programs:

• SBA 504 offers 90% LTV with blended rates that are lower than Tier 1
• SBA 7(a) is the easiest for banks to qualify with 90% Gov't guarantees
• SBA fee waivers are currently in place - act now!
• USDA RD B&I similar to 7(a) with broader property types acceptable (car-washes, motels, self-storage, etc.)

Self-Employed Unsecured Credit Lines

• Interest-only, Prime +1 to 6%
• Better than a credit card, FICO 700+
• No-Doc options $20-100k
• Full Doc options to $500k

Signet Multi-Family Loan Program Examples

• Express programs available for $550k to $3M
• Capital Markets and FHA programs available >$3M
• Fixed rates with 5-, 7- and 10-yr balloons
• Yield Maintenance or set-percentage prepay options
• 80 LTV available, reasonable DSCR
• Bridge Money available

We have a broad range of programs and lenders and the experience and professional approach to get you into the best available vehicle. Don't let deals get stopped at one Bank's underwriter; put multiple options into play with Signet.