01. How does ITC Commercial Operate?
02. What does ITC Commercial do for me?
03. How does the decision making process work?
04. How long does a closing normally take?
05. What are the amounts of money that I can borrow?
06. What kind of collateral do I need?
07. What are the typical loan terms available?
08. What are the portfolio interest rates available?
09. What about points?
10. Are closing costs paid separately?
11. What is the maximum loan to value?
12. Why should I use ITC Commercial Funding?

Q: How does ITC Commercial Operate?back to top
A: The basis is that short term loans are provided to individuals and corporate entities by ITC Commercial until more permanent financing can be secured through ITC Commercial or other funding sources, allowing our clients with income issues or just trying to secure the opportunity of a lifetime, to act while the opportunity exists!

Q: What does ITC Commercial do for me? back to top
A: ITC Commercial provides solutions for any time imperative commercial real estate transaction requiring immediate attention.

Q: How does the decision making process work? back to top
A: Decisions are usually made after a short factual approval process takes place, an application form needs to be completed and ITC Commercial staff is available to walk you through each and every step of the process.

Q: How long does a closing normally take? back to top
A: Usually speedy closing within 10 business days of completed application if all parties cooperate.

Q: What are the amounts of money that I can borrow? back to top
A: Loan amounts range from $100,000 to $20,000,000.

Q: What kind of collateral do I need? back to top
A: Collateral can include commercial real estate and improvements, acreage, development in process, etc.

Q: What are the typical loan terms available? back to top
A: Terms are from 12 to 24 months interest only depending on circumstances and permanent financing through our other funding sources.

Q: What are the portfolio interest rates available? back to top
A: Interest Rates from  1.00% to 1.50% monthly.

Q: What about points? back to top
A: Borrowers pay points as part of overall fees.

Q: Are closing costs paid separately? back to top
A: In most cases, closing costs including fees will be added to the loan.

Q: What is the maximum loan to value? back to top
A: Maximum loan value is 80% of the Collateral value.

Q: Why should I use ITC Commercial Funding? back to top
A: Benefits are quick turnaround, adaptable loan structure and Originating Sources are Protected.