Commercial Loan Programs

 

Industrial/Warehouse Loan Program | Office Loan Program | Retail Loan Program

 


 

Industrial/Warehouse Loan Program

Property Type:

Bulk, Distribution, Flex, R & D

Loan Type:

Acquisition or Refinance

Loan Amount:

$500,000 minimum

Loan Term:

5, 7, 10, 15, 20 yrs.

Amortization:

10 - 30 yrs; 25 & 30 yrs. typical

Loan To Value:

75% maximum

Interest Rate:

See pricing grid

Minimum DSCR:

1.25

TILC Reserves:

$.30 sq. ft.

Replacement Reserves:

$.10 sq. ft.

Liability:

Non-recourse with standard carve-outs

Prepayment:

Prepayment options will vary; yield to maintenance, defeasance, negotiated terms

Assumption:

Subject to lender approval and payment of 1% fee

Transaction Schedule:

45-60 days

 


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Office Loan Program

Property Type:

Multi-Tenant, Single Tenant, Owner Occupied, Suburban

Loan Type:

Acquisition or Refinance

Loan Amount:

$500,000 minimum

Loan Term:

5, 7, 10, 15, 20 yrs.

Amortization:

10 - 30 yrs; 25 & 30 yrs typical

Loan To Value:

75% maximum

Interest Rate:

See pricing grid

Minimum DSCR:

1.25

TILC Reserves:

$1.25 sq. ft.

Replacement Reserves:

$.20 per sq. ft.

Liability:

Non-recourse with standard carve-outs

Prepayment:

Prepayment options will vary; yield to maintenance, defeasance, negotiated terms.

Assumption:

Subject to lender approval and payment of fee

Transaction Schedule:

45-60 days

 


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Retail Loan Program

Property Type:

Anchored, Unanchored, Credit, Single Tenant, Owner Occupied

Loan Type:

Acquisition or Refinance

Loan Amount:

$500,000 minimum

Loan Term:

5, 7, 10, 15, 20 yrs.

Amortization:

10 - 30 yrs; 25 & 30 yrs typical

Loan To Value:

75% - 80% (strong)

Interest Rate:

See pricing grid

Minimum DSCR:

1.25

TILC Reserves:

$1.00 sq. ft.

Replacement Reserves:

$.15 per sq. ft.

Liability:

Non-recourse with standard carve-outs

Prepayment:

Prepayment options will vary, yield to maintenance, defeasance, negotiated terms

Assumption:

Subject to lender approval and payment of 1% fee

 


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