Side-by-side comparison
Criterion
You · First Community
Editing now
East TN Federal
Bid sent 3d ago
Tennessee State Bank
Bid sent 2d ago
Loan amount $880,000 $880,000 $821,100
LTC ★ Best for borrower
75.0%
75.0% 70.0%
Rate (interim) 7.25% 7.40% ★ Lowest rate
7.10%
Origination fee ★ Lowest
0.75%
1.00% 1.25%
Term (months interim) 12 12 12
Construction-to-perm Yes · single close Yes · single close No · two closings
Time to close ★ Fastest
14 days
21 days 28 days
Reserve req. 4 months PITI 6 months PITI 4 months PITI
Personal guarantee Required Required Required
Your offer · editable
Margin estimate (your view)
Origination fee revenue$6,600
Net interest (12 mo est.)$48,400
Servicing cost($3,800)
BG platform fee (1.5 bps)($1,320)
Estimated net$49,880
Risk position
Borrower reliability 4.0 · ${{}}in your buy-box
7 closed loans together · avg variance +2.6%
LTC 75% · within institutional band
Stretched threshold 80% · critical 90%
Geography · primary lending area
Townsend TN · 18 mi from Maryville HQ