Investment Criteria:
Quaker State Mortgage Corporation provides business financing for small, moderate and large size businesses where more creative, flexible, and/or aggressive funding is necessary. Quaker State can assist in the following areas of commercial financing:

Real Estate: Residential Tract Development, Retail, Multi-Family, Office, Industrial, Golf Course-Residential Communities, Senior Housing, Congregate, Assisted Care Facilities, Mixed-Use Developments, Condominiums, Casinos, PUDs; other types considered on a case by case basis.

Loan Amount: $100,000 to $50,000,000 (excluding senior debt)
Preferred Return: 6% - 10% fixed (can accrue)
Term: 1 year interest only – 30 years fixed
Profit Participation: 50%, borrower retains operating control
Lender Fee: Varies on a deal by deal basis (financed at closing out of closing proceeds)
Region: Continental United States and limited international projects
Timing: Funding can occur within 60 days

Quaker State Mortgage Corporation can provide financing for qualified income producing properties. Projects must demonstrate verifiable income & expense numbers to support debt.

PROJECT TYPES: Hotel, Motel, Office Buildings, Shopping Centers, Industrial Parks, and mini storage.

Loan Amount: $250,000 to $50,000,000
Rate: 7% to 10% fixed
Term: 10-20 years
Guarantees: Recourse and Non-recourse
Lender Fee: Varies on a deal by deal basis
Area: Continental United States

Quaker State Mortgage Corporation finances the hard-to-do projects and borrowers. We specialize in restaurants, golf courses, bankrupt properties, foreclosures and high-risk situations. The borrower who has an unusual situation which requires capital as quickly as possible is our specialty.

Typical Lending Criteria:

Min./Max. Loan Considered: $50,000 - $20,000,000
Project Type: All property types considered excluding land and construction loans. Rehab/Renovation loans are acceptable.
Region: National
Collateral: First Mortgage on subject property and mortgage on additional collateral (if necessary).

Typical Rate and Term:

Interest Rates: 12% - 16%
Closing Points: 2% - 10% (depending on loan size and quality)
Commitment Fee: Up to 1% with a minimum of $1,500 paid prior to commencement of due diligence. Commitment fee credited against closing points.
Loan to Value Ratio: 50% - 65% (greater LTV on a case by case basis)
Term: 1-2 year interest only
Extensions: Available on a case by case basis
Personal Guarantees: Normally required
Third Party Reports And Expenses: Borrower pays for third party reports including appraisals, environmental and engineering, if necessary, as well as closing costs and lenders legal.
Timing for closing: Can close in as little as 10-15 business days.

Quaker State Mortgage Corporation can provide apartment financing under $1,000,000. We offer competitive rates and quick closings.

Loan Amount: $100,000-$1,000,000
Rate: 7 1/2%-10% fixed (ARM is available)
Term: 20-30 years
Guarantees: Full Recourse
Loan to Value: Up to 80% LTV (CLTV 90&)
Processing Time: 30-45 days
Lender Fee: Varies on a deal by deal basis
Area: Continental US

Quaker State Mortgage Corporation can provide apartment financing over $1,000,000 and up. The terms & conditions of this financing greatly exceed any comparable financing in the marketplace.

PROJECT TYPES: Apartment buildings & complexes ONLY. Purchase, refinance, new construction and rehabilitation are eligible.

Loan Amount: $1 million and up
Rate: 6 to 7% fixed at time of commitment
Term: 35 - 40 years (no balloons)
Guarantees: All non-recourse (no personal guarantees)
Loan to Value: Up to 90%
Processing Time: Approximately 90 days
Lender Fee: Varies on a deal by deal basis
Area: Continental United States
Assumption: Assumable without cost

This product is similar to the apartment financing.

PROJECT TYPES: Nursing homes, assisted care & congregate care facilities ONLY. Purchase, refinance, new construction and rehabilitation are eligible.

Loan Amount: $1,000,000 and up
Rate: 6.5 – 8% fixed
Term: 35 - 40 years
Guarantees: All non-recourse (no personal guarantees)
Loan to Value: 85% for purchase or refinance
90% for new construction
Lender fee: Varies on a deal by deal basis
Area: Continental United States
Assumption: Assumable without cost

Loan Amount: $250,000-$25,000,000
Rates: Rate is tied to prime + 1-3%
Term: 1-2 years int. only
Guarantees: Required personally
Loan to Value: 70-75%
Area: Continental United State
Staged valued construction draws: Mutually acceptable to borrower and lender

Loan Amount: $250,000-$25,000,000
Rate: 12-15%
Term: 1-2 yrs. int only
Guarantees: Required Personally
Loan to Value: 50%-55% max LTV
Area: Continental United States