| |
|
| 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.
|
