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Office
and Retail Financing |
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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 Some 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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Commercial | USDA
Commercial Loans
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