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Commercial Lending| Property Types: | Retail/ Office/ Industrial/ Warehouse- Distribution
Self-Storage/ Construction / Rehab Financing Available | | Loan Amounts: | $1.5MM - 100MM (Lower loan amounts may be consider on an exception basis) | | Terms: | 5,7,10,15,20 Years | | Amortization: | 15-30 Years | | Minimum DSCR: | 1.25 - 1.40X | | Maximum LTV: | 80% < $5MM / 85-90% > $5MM | | Recourse: | Recourse and Non Recourse options (Depending on loan size and quality) | | Rate Benchmark: | US Treasury/FHLB Rate/SWAP Rate | | Margin: | 200-450 basis points | | Geographic Location: | Nationwide | | Closing: | Borrowing Entity - Single Purpose Entity required
Prepayment - Defeasance/Yield Maintenance/Fixed Declining
Assumption- Allowed
Escrows- Varies based on loan size and asset quality | | Third Party Reports: | PCA- Property Condition Report
Phase I - Environmental Survey
MAI Appraisal | | Application Fee: | None | | Funding: | 30-45 days from complete due diligence package |
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Multifamily Lending Programs
| Property Types: | Multifamily, MF Construction/ Rehab also available | | Loan Amounts: | $1.5MM - 100MM | | Terms: | 5,7,10,15, 20 Years | | Amortization: | 15-30 Years | | Minimum DSCR: | 1.20X | | Maximum LTV: | 80%-90% < $5MM / 85-90% > $5MM | | Recourse: | Recourse and Non Recourse (Subject to standard carve-outs) | | Rate Benchmark: | US Treasury Bond/Prime/Swap Index/Libor | | Margin: | 200-400 bps | | Geographic Location: | Nationwide | | Closing: | Borrowing Entity - Single Purpose Entity required
Prepayment - Defeasance or Yield Maintenance
Assumption- Allowed
Escrows- Required for Taxes and Insurance | | Third Party Reports: | PCA- Property Condition Report
Phase I - Environmental Survey
MAI Appraisal | | Application Fee: | None | | Funding: | 30-45 days from complete due diligence package |
Hotel Lending
| Property Types: | National Flags Only | | Loan Amounts: | $2MM - 100MM (Lower loan amounts may be considered) | | Terms: | 5,7,10,15 or 20 years | | Amortization: | 15-30 Years | | Minimum DSCR: | 1.35X | | Maximum LTV: | 80-85% | | Recourse: | Recourse and Non Recourse (Subject to standard "carve-outs") | | Rate Benchmark: | US Treasury Bond | | Margin: | 250 - 450 basis points | | Geographic Location: | Nationwide | | Closing: | Borrowing Entity - Single Purpose Entity required
Prepayment - Defeasance/Yield Maintenance
Assumption- Allowed
Escrows- Required for taxes and insurance | | Third Party Reports: | PCA- Property Condition Report
Phase I - Environmental Survey
MAI Appraisal | | Application Fee: | None | | Funding: | 45 days from complete due diligence package |
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Bridge LoansBridge financing available for 12 to 24 months on most commercial properties. Please call to discuss scenario. |
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