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Commercial Rates & Programs

 

Category

Property

Type

 30 Yr. Fixed

10 Yr.

Fixed

Maximum

LTV                CLTV

Housing

Apartments & Co-Ops

 N/A 5.84%

    80%

90%

 

Student Housing

 N/A 5.89%

    80%

90%

 

Mobile Home Park

 N/A 5.84%

    80%

90%

Retail

Anchored Retail

 7.25%

5.89%

    80%

90%

 

Single Credit Tenant

 7.25%

5.89%

     80%

 90%

 

Shadow Anchor

 7.25%

5.99%

     80%

 90%

 

Unanchored Retail

 7.25%

6.04%

     80%

 90%

Industrial

Multi-Tenant

 7.25%

5.89%

     80%

 90%

 

Office/Warehouse

 7.25%

5.89%

     80%

 90%

Office

Multi-Tenant

 7.25%

5.83%

     80%

 90%

Other

Self-Storage

 N/A

6.03%

      80%

 90%
Hospitality Hotels 6.50% 6.32% 75% 85%
Auto Dealerships Land & Building Financing 7.35% 7.35% 80%
Auto Dealerships Floor Plan Financing   1 Mo LIBOR     + 1.20%  

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

General Program Overview

 

·    Loans available For all 50 states.

·    Interest only payment options.

·    Minimum loan size is, $1,000,000 with no maximum loan size.

·   Maximum Loan to value is 90% (Purchase Owner Occupied only). 75% LTV on refinances.

  Best rates are published; final rate is dependent upon loan to value, quality of property, loan size and strength of borrower.

·   Early rate locks available per program.

·    Loans also available for adjustable rates.

·    General amortization 25 to 30 years.

·     Property should have 5 tenants or more unless highly credited.

·    Minimum property occupancy 80%.

·     Prepayment is will vary depending on which program you choose..

·     Application deposits: appraisal, environmental/engineering reports

·   Value is based on the lower of purchase price or appraisal if a purchase transaction.

·    One year seasoning required for cash out transactions.