516.319.5000

We Loan Money When Banks Will Not!

Welcome to The Mancuso Group
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www.mikereyfman.com

Terms

Our Terms

  • We loan ½ the retail appraised value, up to $50,000
  • Interest only loans with rates from 10% to 18%
  • A 10% Legal, Processing and Recording Fee Refundable if we fail to commit funds.
    Of that, 5% is paid upfront and the balance is paid at the end of the loan.

Example - $20,000 Loan Request:

  • Aircraft must appraise for $40,000.
  • $2,000 LPR Fee –1/2 up front, balance rolled into the loan.
  • Payment of $315 per Month or 1.5 % interest per month.
  • $21,000 principal to be repaid at the end of two - year term.

The entire application process usually takes from 5 to 14 days.

 

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