Pitch Lending

Terms & qualification

Typical loan size

$50K – $50M

Typical term

24 mo – 25 yr

Interest rate

3% – 10%

Origination / points

1% to 5%

Minimum FICO

600

Lien position

1st, 2nd

Prepayment penalty

yes

Payment structure

Amortized

Recourse

Sometimes

Closing speed

45 days typical · 30 days fastest

Cross-collateral

Yes

Equity / JV capital

No

Income documentation

Credit Report, Tax Returns, Bank Statements, Financial Statements, Loan Application, Appraisal Required for Commercial Property, Sometimes, Broker Price Opinion (BPO) Accepted for Commercial Property, Sometimes

Borrower entity

Individual(s), LLC, Limited Partnership, Trust, Corporation

Lending footprint