- Historically, the core business of USHM has been in making direct Hard Money real estate loans with a primary emphasis on land loans. Current market conditions have caused us to redirect our focus. While we still make land loans, they MUST have contracts in place and/or a viable exit strategy.
- To qualify, loans must be placed in the Continental United States and not exceed 50% of the real property's LIQUIDATION value or purchase price or cost (LTV/LTC). The typical loan term is up to three years with no pre-payment penalty. Loans can range between $3mm to $100mm. Our 'sweet spot' loans are between $5mm to $10mm. WE DO NOT FUND LOANS LESS THAN $3mm.
- Loan To Value (LTV/LTC) is typically calculated to be the lesser of the quick sale value or the purchase price. For example, if you are able to purchase a property with a market value of $12mm for $6mm, the lower value is used for underwriting purposes. In this example we could lend between $3mm-$5.4mm. But there are exceptions. If you don't have any money in the deal, your ability to get a Hard Money loan is slight.
Due to current market conditions we are no longer making loans on unimproved or un-entitled real estate. We are looking for cash flowing real estate deals $3mm or greater.
We are currently financing asset based loans on the following:
- Commercial Aircraft
- Rolling Stock
- Production Contracts
- Charged off Credit Card Receivables
- Licenses - Communications, Cable and Cellular
- Fine Art, Antiques, and Gems (cut or uncut)
- Oil, Gas and Mining resources with early stage infrastructure and/or production
- Bridge Financing for Asset Sales Contracts
- Debtor in Possession Financing All Industries