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Commercial Construction/Conversion Loan


Loan Highlights

Loan Amount

$100,000 to $2,600,000


Property Types

Retail (anchored, shadow anchored and unanchored), Industrial,
Office, and Self-Storage



12-Months, converted to 10-Year Mini-Permanent loan





Interest Rates

Variable, converted to a fixed rate



Generally not to exceed 75%



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



Subject to lender's approval; 1% assumption fee


Minimum Debt

Typically 1.25x or > Office/Indust.


Service Coverage

Typically 1.30x or >


Coverage Ratio

Typically 1.40x or >Retail/Specific



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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