Spartacus Partners announces our Unique Funding Program (UFP)
- INTEREST ONLY funds available for Construction, Business Acquisition, Project Funding, etc.
- 100% financing with rates at 5.50%-9.5%, for all transaction types.
- NO - down payment, only interest reserve into escrow
2. Student Housing
3. Healthcare properties
9. Night Clubs
10. Green Projects
• To qualify the client must have a minimum of 10% in cash available to be placed in UFP facilitating Attorney escrow trust account.
• 10% due at contract signing –Held as prepaid interest reserve
• Draw down schedule
• No application fee, due diligence fee or pre-closing fees
• Timing for Closing: 60-120 days from approval of application.
• Legal Services: Outside counsel selected by UFP and paid by Borrower. All fees and points paid out of closing proceeds.
• Third-Party Reports: Not required for funding
• Recourse: Negotiable; Carve-out provisions always apply
• Balloon payment at end of term – up to 10 years.
-- 4 pts origination fee + 2 pts total consulting fees allowed (total of 6 pts) – paid from closing proceeds
-- Consulting/Broker fees paid from closing proceeds
-- No upfront fees – all legal and other lender-associated expenses paid out of closing proceeds