Loan Programs & Terms

Momentum Opportunity®

This loan program enables developers and builders to continue with construction on projects beyond the acquisition phase in order to generate sufficient conditions, pre-leasing, or sales to satisfy take-out construction lenders. This program does not finance the entire vertical construction but rather prevents the interruption of construction momentum due to requirements of changing financing sources. An example of this program is the financing by Mortgages Ltd. of the initial phases of a high-rise condominium tower. This allows the developer to advance to a stage of construction and meets a take-out lender's requirement for pre-sales of condominiums.


Delay-Flex®

This type of loan is funded on a delayed schedule based on the progress of improvements or construction. The full loan amount is approved and closing costs are determined based on the full loan amount but interest only accrues on the monies funded to-date, providing the borrower the opportunity to reduce interest expense over the term of the loan.

  • Provides financing for acquisition, development and construction
  • Provides financing for future renovation, rehab, or expansion of existing properties
  • Ideal for multi-phase projects


Equity-Flex®

This loan program is similar to Delay-Flex loans however, closing fees are calculated based on the initial funding amount and future advances carry an additional 1.5% discount fee and applicable closing costs. Future advances are not guaranteed and must be approved by Mortgages Ltd.


Opportunity Plus®

This is a second Deed of Trust loan program that provides the borrower with the opportunity to finance additional debt behind an existing Mortgages Ltd. first Deed of Trust. This program may be available to borrowers in unique situations with high loan-to-value financing scenarios.


Loan Terms

Loan Amounts: $1,000,000 to $150,000,000.

Current Interest Rates: Fixed Rate - Call for Quote
(Opportunity Matrix Pricing).

Processing Time: 5 to 10-Day close upon Approval
(Subject to Title).

Length of Term: 3 months to 36 Months.

Payment Terms: Interest-only payments are made on a monthly basis during the course of the loan. Interest Reserve, if needed, may be added to the loan amount during the underwriting process.

Prepayment Penalty: There are no penalties for paying off a loan in full at any time during its term.