SERVICES - COMMERCIAL LOANS

With many programs available, we will work with you to find the right fit.

COMMERCIAL LOANS

We can assist with all your Commercial Loan paperwork preparation. Additionally, below are the types of Commercial Loans currently available:

Standard financing for traditional loan requests.

Property Type: All Property Types Considered
Loan Minimum: $750,000
Loan-To-Value: Up to 80%
DSCR: 1.20 – 1.25
Recourse: Full (Partial or nonrecourse at lower Loan-to-Value %)
Fixed Rate Period: Floating, 6 month, 3, 5, 7, 10, 15 Years
Term: 3 – 30 Years
Amortization: 15 – 30 Years
Pre-payment Penalty: Declining Balance Length depends on program.
(ie: 5%, 4%, 3%, 2%, 1% in years 1 – 5)
Interest Only: Not Currently Available
Special Programs: None

Government guaranteed loans for owner-occupied and investment properties in rural areas. Must be in USDA Eligible Area.

Property Type: All Property Types Considered.
Loan Minimum: $750,000
Loan-To-Value: 90%
DSCR: 1.25
Recourse: Full
Fixed Rate Period: Floating, 3 – 10 Year Fixed
Term: 3 – 30 Years
Amortization: 20 – 30 Years
Pre-payment Penalty: Declining Balance
Interest Only: No
Special Programs: None

Long-term government sponsored loans for various types of multi-family housing.

Property Type: Multi-Family
Loan Minimum: $3,000,000
Loan-To-Value: 80%
DSCR: 1.25
Recourse: None
Fixed Rate Period: Floating, 5, 7, 10, 15, 20, 30 Years
Term: 5 – 30 Years
Amortization: 30 Years
Pre-payment Penalty: Yield Maintenance
Interest Only: Available
Special Programs: Standard and Premier Lease-Up

Securitized long-term fixed financing for stabilized properties.

Property Type: Most Property Types Considered
Loan Minimum: $1,500,000
Loan-To-Value: 80%
DSCR: 1.25
Recourse: None
Fixed Rate Period: 5, 7, 10 Years
Term: 5 – 10 Years
Amortization: 25 – 30 Years
Pre-payment Penalty: Defeasance
Interest Only: Available
Special Programs: None

Aggressive financing available for investment grade public and highly rated private tenants.

Property Type: Office, Retail, Industrial
Loan Minimum: $750,000
Loan-To-Value: Up to 97%
DSCR: 1.01 – 1.25
Recourse: Typically None. Recourse Sometimes Required Dependent on Tenant and Loan Size.
Fixed Rate Period: Floating, 3 – 25 Years (Dependent on Lease Term)
Term: Dependent on Lease Term
Amortization: Dependent on Lease Term
Pre-payment Penalty: Declining Balance, Yield Maintenance, Defeasance
Interest Only: Not Currently Available
Special Programs: None

High-cost short-term financing for loan requests not typically serviced by institutional lenders.

Property Type: All Property Types Considered
Loan Minimum: $750,000
Loan-To-Value: 75%
DSCR: No Requirement
Recourse: Full
Fixed Rate Period: Floating, 1, 2, 3, 5 Years
Term: 1 – 15 Years
Amortization: Interest Only
Pre-payment Penalty: Negotiable
Interest Only: Yes
Special Programs: Rehabilitation, Construction, Bankruptcy, Foreclosure, Vacant Properties

Secondary loans typically secured by stock in the borrowing entity, not the real estate.

Property Type: All Property Types Considered
Loan Minimum: $1,000,000
Loan-To-Value: 97%
DSCR: 1.0 – 1.1
Recourse: Negotiable
Fixed Rate Period: Negotiable
Term: Negotiable
Amortization: Negotiable
Pre-payment Penalty: Negotiable
Interest Only: Available
Special Programs: None

Government guaranteed loans for 51% or more owner-occupied properties.

Property Type: Owner-Occupied
Loan Minimum: $750,000
Loan-To-Value: Up to 90%
DSCR: 1.25
Recourse: Full
Fixed Rate Period: Floating, 3 – 10 Year Fixed
Term: 3 – 25 Years
Amortization: 20 – 25 Years
Pre-payment Penalty: Declining Balance
Interest Only: No
Special Programs: None

Long-term government sponsored loans for various types of rental housing.

Property Type: Multi-Family, Manufactured Home Communities
Loan Minimum: $750,000
Loan-To-Value: 80%
DSCR: 1.25
Recourse: None
Fixed Rate Period: Floating, 5, 7, 10 – 30 Years
Term: 5 – 30 Years
Amortization: 30 Years
Pre-payment Penalty: Yield Maintenance, Declining Balance
Interest Only: Available
Special Programs: None

Long-term government insured loans for various types of multi-family and healthcare properties.

Property Type: Multi-Family, Healthcare
Loan Minimum: $2,000,000
Loan-To-Value: 85% (Loan-to-cost 90%)
DSCR: 1.15 – 1.18
Recourse: None
Fixed Rate Period: 35 – 40 Years
Term: 35 – 40 Years
Amortization: 35 – 40 Years
Pre-payment Penalty: Lockout Followed by Declining Balance
Interest Only: Yes for Construction and Substantial Rehabilitation
Special Programs: Construction and Rehabilitation

Financing programs from life insurance companies for lower leverage loan requests.

Property Type: All Property Types Considered
Loan Minimum: $750,000
Loan-To-Value: 75%
DSCR: 1.20 – 1.30
Recourse: None
(Partial or Full Sometimes Required for Smaller Loan Requests)
Fixed Rate Period: 5, 7, 10, 15, 20, 25 Years
Term: 5 – 25 Years
Amortization: 15 – 25 Years
Pre-payment Penalty: Yield Maintenance, Declining Balance
Interest Only: Available
Special Programs: None

Short-term financing typically utilized for the rehabilitation or repositioning of properties.

Property Type: All Property Types Considered
Loan Minimum: $750,000
Loan-To-Value: 75% (Loan-to-Cost 80%)
DSCR: 1.25 Once Stabilized
Recourse: Full (Partial and Nonrecourse Available for Select Products)
Fixed Rate Period: Floating, 6 months, 1 – 5 years
Term: 1 – 5 Years
Amortization: 20 – 30 Years
Pre-payment Penalty: Negotiable
Interest Only: Available
Special Programs: Rehabilitation, Repositioning, Workouts

Financing available for horizontal development, vertical construction, and rehabilitation of multi-family and commercial properties.

Property Type: All Property Types Considered
Loan Minimum: $1,500,000
Loan-To-Value: 80% (Loan-to-Cost 85%)
DSCR: 1.15 – 1.25
Recourse: Full (Partial at Lower Loan-to-Cost)
Fixed Rate Period: Floating
Term: 1 – 3 Years
Amortization: Interest Only
Pre-payment Penalty: None
Interest Only: Yes
Special Programs: None

Bridge financing available for remediation of contaminated properties.

Property Type: Industrial, Vacant Land
Loan Minimum: $2,000,000
Loan-To-Value: 75%
DSCR: No Requirement
Recourse: Flexible
Fixed Rate Period: 1 – 5 Years
Term: 1 – 5 Years
Amortization: Interest Only
Pre-payment Penalty: Flexible
Interest Only: Yes
Special Programs: None