TERM: Flexible loan term from 1 to 3 years. PREPAYMENT: No prepayment penalties. USE OF PROCEEDS: Loans are made for business purposes only. LOAN TO VALUE: Loan amounts can be up to 65% of the disposition value of the collateral. If the loan is used for renovation or construction, the loan amount could be based on the improved value, and may be disbursed in stages.* RATES: Rates from 9% per annum, interest only.* FEES: In lieu of equity participation, fees as low as 2% 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. *Actual terms may vary depending on collateral and loan structure. 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.