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Large Loans |
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Large Loans
This program is designed for non-owner occupied
commercial deals that require
larger amounts of capital ($3,000,000 -
$100,000,000). Properties must be stabilized or have
signed leases with tenants.
Items Needed:
1. Prequalification Form (attached)
2. Property Financials (Rent Roll, Expenses,
Lease details)
3. Description of Property / Pictures
4. Borrower's Resume and Personal Financial
Statement
• Loan amounts from $3,000,000 to $100,000,000
• Maximum LTV of 85%
• Investment Properties - Office, Retail,
Multifamily, Industrial, Mixed Use, Self-Storage,
Manufactured Housing
• Closings generally in 30 -45 business days
• 5, 7, 10, 15 and 20 year fixed-rate loan terms,
15-30 year amortization
• DSCR (Net Operating Income divided by Annual Debt
Payments): 1.2ox for Multifamily/Commercial;1.25x
Self-Storage
• Rates as low as 5.50% (base on the 3/1/07
treasury)
• Loans are assumable for a 1% and $5,000 fee
• Capped fees which include appraisal, property
condition report, environmental report and lender's
legal fees
• Non-Recourse
Bridge Loan/Hard Money Program
This program is designed for commercial deals that
need to close quickly or for properties that are
vacant. We also consider mid-construction projects,
renovation/rehabilitation projects, and other
transitional deals.
Items Needed:
1. Prequalification Form (attached)
2. Property Financials (Rent Roll, Expenses,
Lease details)
3. Description of Property / Pictures
4. Borrower's Resume and Personal Financial
Statement
• Loan amounts from $1,000,000 to $50,000,000
• Maximum LTV of 75% (on cash-flowing properties)
• Owner Occupied as well as Investment Properties
• Closings in as little as 1o business days
• 1-3 year terms, rates range from 1o% - 14%
Interest Only, 2 - 5 points paid out of closing.
• Upfront fees applied to expedited third party
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Submit your project today for full pricing.
One of our Senior financial consultants will contact
you shortly. |
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