General Lending Terms

Our loan process is very straightforward and is designed with a core focus on speed, convenience and customer service. You identify the property you want to purchase, from any source, and AFG provides a portion of the funds to complete the purchase of the property. We secure our interest with a promissory note and senior promissory position deed of trust on the pledged collateral. Generally transactions are completed within a title insured environment.

At closing, the Borrower provides the required down payment,the first months interest payment.

During the term of the loan the Borrower is required to make monthly interest only payments, in advance, according to the terms and conditions of the loan program you have selected, and as reflected in the Promissory Note.

A Borrower can prepay the loan at any time after the first thirty (30) day period with no penalty, and the company pro-rates (at par) any payments received if you are closing in the middle of the month.

We make it simple and eliminate the red-tape. Getting the transaction completed is our only motivation.

Please note that special terms and conditions apply to loan amounts in excess of Two Hundred and Fifty Thousand Dollars ($250,000). Ask an AFG Representative for details.