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 >
Coverage Ratio
Closing
45 to 60 days from executed application assuming timely receipt from borrower of all information requested.
Owner Occupancy
51% or greater
Loan Summary
The SBA Loan Program has a great variety of structure. This loan includes flexibility on repayment terms that may significantly reduce your monthly payment, and/or down payment.
Contact us for more information at (951) 274-2400.
