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ELIGIBLE PROPERTIES:
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Designed for existing stabilized Retail, Office, Industrial,
Self-Storage, Mixed Use, Owner Occupied, Restaurants, Branded
Gas Stations. |
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LOAN SIZES:
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$2 Million to $20 Million |
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PROGRAM: |
Fully
Adjustable, 3 year, 5 year, 7-10 year Fixed |
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MARGINS:
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2.25% to 3.25% |
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FIXED RATE INDEX: |
3, 5, 7, 10 Year Treasury |
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INDEX AT ADJUSTMENT: |
6 Mo LIBOR or 12 MAT |
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TERMS: |
10 years
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AMORTIZATION:
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25-30 years |
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MIN DSCR: |
1.25:1 |
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LOAN-TO-VALUE: |
Up to 75%
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RECOURSE:
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Recourse, partial recourse, non-recourse. Each loan structured separately. |
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PREPAYMENT:
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Declining |
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LOAN FEES:
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Par to 1%, each deal priced individually |
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REPORTS:
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Appraisal Phase 1 Environmental.
(Additional reports may be required on larger transactions.)
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CLOSING: |
30-45 days. Can price up for faster closing. |
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SPECIAL NOTE: |
Conversion option from adjustable to fixed during the
first 24 months of the loan term. |
The above margins and guidelines are for
informational purposes only and are subject to change.
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Lending Representative Contacts
800-515-1616 Option 3
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