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Commercial Loan Programs

Industrial/Warehouse Loan Program |
Office Loan Program |
Retail Loan Program
Industrial/Warehouse Loan Program
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Property Type: |
Bulk, Distribution,
Flex, R & D |
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Loan Type: |
Acquisition or
Refinance |
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Loan Amount: |
$500,000 minimum |
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Loan Term: |
5, 7, 10, 15, 20 yrs. |
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Amortization: |
10 - 30 yrs; 25 & 30
yrs. typical |
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Loan To Value: |
75% maximum |
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Interest Rate: |
See pricing grid |
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Minimum DSCR: |
1.25 |
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TILC Reserves: |
$.30 sq. ft. |
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Replacement Reserves: |
$.10 sq. ft. |
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Liability: |
Non-recourse with
standard carve-outs |
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Prepayment: |
Prepayment options
will vary; yield to maintenance, defeasance, negotiated
terms |
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Assumption: |
Subject to lender
approval and payment of 1% fee |
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Transaction Schedule: |
45-60 days |
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Office
Loan Program
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Property Type: |
Multi-Tenant, Single Tenant, Owner
Occupied, Suburban |
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Loan Type: |
Acquisition or Refinance |
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Loan Amount: |
$500,000 minimum |
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Loan Term: |
5, 7, 10, 15, 20 yrs. |
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Amortization: |
10 - 30 yrs; 25 & 30 yrs typical |
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Loan To Value: |
75% maximum |
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Interest Rate: |
See pricing grid |
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Minimum DSCR: |
1.25 |
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TILC Reserves: |
$1.25 sq. ft. |
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Replacement
Reserves: |
$.20 per sq. ft. |
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Liability: |
Non-recourse with standard
carve-outs |
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Prepayment: |
Prepayment options will vary; yield
to maintenance, defeasance, negotiated terms. |
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Assumption: |
Subject to lender approval and
payment of fee |
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Transaction
Schedule: |
45-60 days |
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Retail
Loan Program
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Property Type: |
Anchored, Unanchored,
Credit, Single Tenant, Owner Occupied |
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Loan Type: |
Acquisition or
Refinance |
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Loan Amount: |
$500,000 minimum |
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Loan Term: |
5, 7, 10, 15, 20 yrs. |
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Amortization: |
10 - 30 yrs; 25 & 30
yrs typical |
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Loan To Value: |
75% - 80% (strong) |
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Interest Rate: |
See pricing grid |
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Minimum DSCR: |
1.25 |
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TILC Reserves: |
$1.00 sq. ft. |
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Replacement Reserves: |
$.15 per sq. ft. |
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Liability: |
Non-recourse with
standard carve-outs |
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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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of Page]
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