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Commercial Lending
| Property Types: |
Retail/ Office/ Industrial/ Warehouse- Distribution
Self-Storage |
| Loan Amounts: |
$1.5MM - 50MM (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% |
| Recourse: |
Recourse and Non Recourse options (Depending on loan size and quality) |
| Rate Benchmark: |
US Treasury/FHLB Rate/SWAP Rate |
| Margin: |
375-500 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: |
45 days from complete due diligence package | |
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