Hard Asset Lending
NCCM provides first or priority lien real estate hard asset loans. These loans are driven primarily by the underlying value of the collateral that secures the loan. They typically require an expedited timeline to close in order to avoid bringing in more expensive equity or missing an investment opportunity. Loans are funded under the following criteria:
| Property types | Commercial real estate (retail, industrial, office, and land) |
| Loan amount | $1 Million to $10 Million |
| Geographic focus | Nationwide with a concentration in the Southeast |
| LTV | Up to 65% |
| Interest rate | 15% |
| Term | 12-18 months |
| Prepayment period | 6 months |
| Origination fee | 3% |