1. What are your current interest rates?
   Interest rates are based on today's 5-year, 10-year or 30-year treasury note/bond rates plus a "spread" over that rate.  The spread is determined by various factors particular to your loan, including loan to value, debt coverage ratio and asset quality.  For an easy-to-view chart of today's treasury rates and spreads, click here.

2. Which types of properties will you make loans on?
   At Onyx Capital, we specialize in loans for a complete array of property types including multi-family, manufactured housing community, commercial and senior housing.

3. What type of information do I need to provide to close a loan?
   Standard third-party reports of Property Condition, Phase 1 Environmental and an MAI Appraisal are required along with current title, survey, and zoning ordinances.  Operating history, a current rent roll and a project description will provide the basis to begin your loan process.

4. How long does the loan process take?
   Since Onyx Capital locks your interest rate and loan terms at the time of application, the streamlined loan process generally takes 30 - 45 days from beginning to end.  You can request a preliminary quote of your loan terms today by answering a few basic questions on our loan submission form.

5. What is your minimum loan size?
   Onyx Capital will underwrite your loan request of $2 million and up, depending on property type.

6. What information do I need to get a loan quote?
   By providing information on operating history, current projections and answering a few basic questions on Onyx Capital's preliminary loan submission form, you can receive a firm loan quote within one to two days.

7. When is my interest rate locked?
   Unlike conduit lenders, Onyx Capital locks your interest rate upon acceptance of your loan application.  All loan terms and conditions are negotiated during the application process and locked upon acceptance.

8. When is my loan amount fixed?
   Your loan amount along with your interest rate and all other loan terms and conditions, is fixed upon acceptance of your application.

9. What reports are required for a loan?
   Standard Property Condition Assessment (PSA) and Phase I Environmental Site Assessment (ESA) reports are required along with a current MAI Appraisal.  Onyx Capital will assist you in engaging highly qualified engineering, environmental and appraisal firms specializing in your property type.

10. Why should I proceed with Onyx Capital?
    Onyx Capital has a proven track record, with principals that have financed more than $1.5 billion in loans since 1983.  As the exclusive national advisor to SunAmerica Life Insurance Company for all manufactured housing community and senior housing financing in the U.S., Onyx Capital has the ability to lock your interest rate, loan amount and all other terms and conditions upon acceptance of your loan application.  By providing us with some basic information about your property on the preliminary loan submission form, you can begin your loan process today.

To begin the loan process and receive a firm loan quote, go to our Loan Submission Form.

If you prefer, contact Onyx Capital directly at info@onyxcap.com

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