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Commercial Real Estate Loans

 

Loan Highlights

   
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)

 

Amorization

20 to 25 years based on property type, age and condition

 

Interest Rates

Fixed Rate

 

Loan-to-Value

Generally not to exceed 75%

 

Prepayment

Lockout period as short as 24 to 36 months. Any prepayment penalty will be based upon the remaining term of the loan.

Assumable

Subject to lender's approval; 1% assumption fee

 

Minimum Debt

Typically 1.25x or >

 


Closing

45 to 60 days from executed application assuming timely receipt from borrower of all information requested.

 

Early Rate Lock

Available for no fee following executed application and receipt of 2% refundable deposit.

 

 

 

 

 

 

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