All loans made by Black River Partners will need to abide by the following guidelines:
- Black River Partners will only make loans up to 90% of the financing needed for a project and the borrower must have at least 10% equity in the investment without outside financing.
- All residential rehab loans will have a 75% loan-to-value ratio based on fair market after repair value. All other loans will have a loan-to-value ratio of no greater than 75% of current market value.
- Black River Partners will have a first priority mortgage lien secured by the underlying property, as well as an assignment of the equity positions of the borrower.
© 2016 Black River Partners. All rights reserved
Designed by CMW