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Tower Fund Capital describing itself
Tower Fund Capital
New York, NY·Nationwide
Tower Fund Capital offers a true hard money no-doc loan program, that does not depend on credit score or financial qualification of the borrower or the property. The only qualifier is the true value of the asset that is being offered as a collateral.
Loan programs
Offers— no published terms
Terms & qualification
- Typical loan size
- $200K – $50M
- Typical term
- 12 mo – 24 mo
- Interest rate
- 7.5% – 12%
- Origination / points
- 1% to 3%
- Lien position
- 1st
- Prepayment penalty
- 6 months of interest payments
- Payment structure
- Interest Only
- Recourse
- Always
- Closing speed
- 15 days typical · 4 days fastest
- Cross-collateral
- Yes
- Equity / JV capital
- No
- Income documentation
- Credit Report, Loan Application
- Borrower entity
- LLC, Limited Partnership, Corporation