| |
|
| Loan Amount |
$100,000 to $2,600,000
|
| Property Types |
Retail (anchored, shadow anchored and unanchored), Industrial,
Office, and Self-Storage
|
| Term |
10 years (7 and 15 year terms available) on Lender’s trust deed,
20-year fixed rate and amortizations available on CDC Small Business Finance 2nd trust deed/note
|
| Amorization |
20 to 25 years based on property type, age and condition
|
| Interest Rates |
Fixed Rate
|
| Loan-to-Value |
Not to exceed 50% on Lender’s 1st trust deed; and 90% on
CDC Small Business Finance 2nd trust deed
|
| Prepayment |
Lockout period as short as 24 to 36 months. Any prepayment
penalty will be based upon the remaining term of the loan.
|
| Cash Requirement |
10% Cash Down-payment Requirement
|
| Minimum Debt |
Typically 1.25x or >
|
|
| Owner Occupancy |
51% or greater
|
|
