← All lendersThe Brookline Group describing itself
The Brookline Group
Tarzana, CA·1 state
The Brookline Group offers business purpose loans to real estate investors in all counties throughout California as an investment for its own account. Loan-to-value ratios are very conservative (up to 55% LTV ), but most loans do not require an appraisal. Most of our loans are equity cash out refinance, and some are purchase loans. Will consider raw land if the LTV is under 25%.
Loan programs
Offers— no published terms
Terms & qualification
- Typical loan size
- $30K – $1.2M
- Typical term
- 6 mo – 60 mo
- Interest rate
- 8% – 12.5%
- Origination / points
- 0.5% to 3%
- Lien position
- 1st, 2nd, 3rd
- Prepayment penalty
- 3 months minimum
- Payment structure
- Interest Only
- Recourse
- Sometimes
- Closing speed
- 10 days typical · 4 days fastest
- Cross-collateral
- No
- Equity / JV capital
- No
- Income documentation
- Credit Report, Loan Application
- Borrower entity
- Individual(s), LLC, Limited Partnership, Trust, Corporation, Non-Profit Corporation, Self-Directed IRA