Financing
options for acquisition or refinance of
RETAIL,
OFFICE, INDUSTRIAL, and SELF STORAGE. Maintained
relationships with a select number of top tier investors
assures borrowers access to competitive pricing and
terms.
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MINIMUM LOAN:
$5,000,000.00
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LOAN TERM:
5, 7 or 10 Years
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AMORTIZATION:
Up to 30 Years
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MINIMUM DSCR:
1.20x to 1.25x
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MAXIMUM LTV:
Case by case basis
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INTEREST RATE:
Fixed or adjustable rate
options on an actual 360
basis
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ELIGIBLE PROPERTY TYPES:
Retail, Office, Industrial
and Self Storage
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TAX AND INSURANCE ESCROWS:
Monthly Deposits Required
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REPLACEMENT RESERVES:
Monthly Deposits Required
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RECOURSE:
Case by Case. In Most
Cases Non-Recourse With
Standard Exceptions For
Fraud and
Misrepresentation
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REQUIRED REPORTS:
MAI Appraisal, Property
Condition Assessment,
Phase I. Others if
applicable
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PREPAYMENT:
No prepayment through Year
4. Defeasance thereafter
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ASSUMABLE:
Subject to Approval and
Fee
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SUBORDINATE FINANCING:
Mezzanine allowed subject
to approval
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RATE LOCK:
1 day prior to closing.
Early rate lock option
available
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ORIGINATION FEE:
PAR to 3% (In Addition to
Closing Costs)
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Above
terms or program
availability may change without prior notice |
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