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Our Company
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About Ellis Management Company Billie Ellis, president/owner of IICB and Ellis Management Company, has developed numerous subdivisions since 1972. In the early 70’s he started making commercial loans secured by real estate and today this continues to be one of his main business interests. Since 1972 he developed subdivision totaling over fifty million dollars in loans. His many years in this type of business have made him an expert in assessing and determining collateral and investment values, and his varied acquaintances in this business provide Mr. Ellis with an excellent network of leads and information. Ellis Management Loan Guide Lines: Eligible Properties: We will consider first liens on raw land, commercial buildings and warehouses. We will not consider new construction, rehab or renovations. Coupon: Depending upon the project dynamics, sponsor suitability and deal structure rates are 14% on a fixed rate, interest only basis. Term: 12 months. Extensions are available under certain criteria. Underwriting: Each transaction based on Ellis Management valuation of all underlying collateral. Fees: Origination Fees vary based upon loan term, and in lieu of increased coupon, may be waived. Time Frame: Ellis Management typically closes and funds inside of 30 days with some transactions able to be closed within five working days. Appraisal and Phase I required. Loan Amounts: $100,000 to $2,000,000 Area: Texas and New Mexico
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