| Property Types: |
You name it!
Apartments, Farms, Office Buildings, Gentlemen's Clubs, Mobile Home Parks, Restaurants, Retail, Mixed-Use, Self-Storage, Industrial, Condo-conversions, Manufacturing, Churches, Hotels/Motels, Land. Gas Stations, Dry Cleaners, etc. |
| Programs: |
Bridge Loans, Construction, Mini-Perms, Perms: Adjustable or Fixed, and Mezz |
| Locations: |
Nationwide. Some programs available Internationally. |
| Loan Size: |
Starting at $250,000. Some exceptions for smaller or larger loans can be made.
Arizona Commercial Loans starting at $50,000. |
| Loan Terms: |
Permanent Loans: 3, 5, 7, 10, 15, 20, 25, and 30,
depending on property type.
Bridge Loans: 1 - 5 years
Construction Loans: 12 months - 36 months, with possible extensions |
| Amortization: |
15 - 40 years, depending on property type and debt service coverage requirements. Most Bridge Loans are Interest Only. |
| Debt Service: |
Some programs underwrite as low as 1.00x for coverage! |
| Loan-to-Value: |
Up to 90% Loan-to-Value available for some projects. |
| Indices: |
Prime, LIBOR, T-bills, COF |
| Costs/Fees: |
Every project and client stands on its own merit. There are factors that will affect the costs and the rates such as credit history, experience, and location of the project. |
| Use of Funds: |
Purchase, Refinance, Development, Renovations, Partner Buy-Out, etc. |
| Assumability: |
Some loans are assumable with 1% fee for qualified buyers. |
| Recourse: |
Recourse and Non-Recourse available, depending on loan product. Non-Recourse has standard carve-outs. |
| Items needed to get started on your loan: |
- Narrative Summary Form*
- Application*
- Credit Report
- Current Personal Financial Statement
- Current Business Financial Statement
- Borrower Resume
- Color Photos - inside, outside & area
|
If applicable:
- Construction Cost Breakdown
- Rent Roll
- Purchase Contract
- Statements to support down payment
- Site Plans/Floor Plans
- Lien Holder/Pay Off Information
|
- Regional Maps for project location
- Existing 3rd Party Reports: Appraisal, Environmental, Engineering, ALTA Survey, etc.
- Property Insurance Policy
- Current Real Estate Tax Statement
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