Program Features • No documentation required • No credit check • No financial statements needed • No bank requirements Loan Size • Minimum: $100,000 • Maximum: $750,000 Eligible Locations Florida only and excluding rural properties Residential and Investment Property Types • 1-4 family residences • Condos • Vacation rentals • Investment properties Eligible Commercial Property Types • Commercial office • Multi-family • Retail • Office-warehouse • Mixed use Underwriting Drivers When considering properties, key underwriting drivers include the overall condition, location, and curb appeal. Properties that possess a standout or distinctive “wow factor” are given particular attention in the evaluation process. Loan Terms and Conditions • Loan-to-Value Ratio: Up to 60% • Term: 60 months, interest only, plus escrows Interest Rates and Occupancy Requirements • Interest Rates: 9.75% for residential investment properties and 10.25% for commercial properties. • Occupancy: Residential properties are eligible only if they are investment properties. Commercial properties may qualify whether they are owner-user or investment assets. Occupancy Guidelines • Residential: Investment properties only are eligible for consideration. • Commercial: Both owner-user and investment commercial properties may qualify. Funder/Investor Origination Fees • Origination fee of 2% of the loan amount applies to all applicable loans that are paid by you directly for our funding services at closing 1st Florida Lending (“FFL”) Broker Referral Fees • Our Broker origination fee is 2% of the loan amount, as is in addition to the Funder Origination Fee paid to FLL by the Funder at closing Property Title Requirements All property titles must be held in the name of a domestic LLC or corporation. Due Diligence Fees • Residential properties: $595 (due upon issuance of commitment) • Commercial properties: $795 (due upon issuance of commitment) Pre-payment Penalty The pre-payment penalty is set at 3% if the loan is paid off in the first year. After the first year, there is no pre-payment penalty. Additional Loan Terms Cash-Out Refinance Restrictions • Cash-out refinances are permitted solely for any business purpose as elected by the • borrower. FEMA Flood Zone Lending Policy We do not provide loans for properties located within designated FEMA flood zones. Steps to obtaining a loan commintment 1. Complete and excute our busienss application and fee agreement 2. If approved, you will receive a Condiitonal Loan Commitment Letter wihtin 24 hours with rates, terms and fees 3. You will be required to wire fund to conver Diudligence and