TERM: Flexible loan term up to several years or more PREPAYMENT: Loans may be repaid at any time without penalty. USE OF PROCEEDS: Loans are made for business purposes only. LOAN TO VALUE: Loan amounts can be up to 50-65% of the disposition value of the collateral, based on the estimated cash sale price given a 90-120 day marketing time. If the loan is used for renovation or construction, the loan amount can be based on the improved value, and would be disbursed in stages. RATES: Rates vary from 9-18% per annum, interest only, depending upon collateral and loan structure. Internationally, rates vary from 12-21%, depending on country. EQUITY: In lieu of equity participation, a fee of 1-4%(U.S. only) of the loan amount may be included in the loan. LOAN SIZE: From $1 Million to $100+ Million nationally. Must be at least $5 Million for international loans. COLLATERAL: Real estate and other fixed or liquid assets. The material on this web site covers a variety of topics on commercial real estate mortgage banking and is for informational purposes only. This information is inherently limited in scope, may change without notice, and does not contain all of the applicable terms, conditions, limitations and exclusions of the products and services described herein. © 2001 KENNEDY FUNDING. All rights reserved. This Web-Site is developed and designed by Results Advertising.