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 >
Coverage Ratio
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.
Loan Summary
The Premier Commercial Real Estate Loan is Riverside's most innovative long-term, fixed-rate loan product. This groundbreaking loan includes many unique features that significantly reduce borrower costs and ease the loan origination process. Plus, it's backed by a money-back guarantee.
Contact us for more information at (951) 274-2400.
