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.
MINIMUM
LOAN:
$5,000,000.00
LOAN TERM:
5, 7 or 10
Years
AMORTIZATION:
Up to 30 Years
MINIMUM
DSCR: 1.20x to
1.25x
MAXIMUM LTV:
Case by case
basis
INTEREST
RATE: Fixed or
adjustable rate options on an actual
360 basis
ELIGIBLE
PROPERTY TYPES:
Retail, Office, Industrial and Self
Storage
TAX AND
INSURANCE ESCROWS: Monthly
Deposits Required
REPLACEMENT
RESERVES:
Monthly Deposits Required
RECOURSE:
Case by Case. In Some Cases
Non-Recourse With Standard Exceptions
For Fraud and Misrepresentation
REQUIRED
REPORTS: MAI
Appraisal, Property Condition
Assessment, Phase I. Others if
applicable
PREPAYMENT:
No prepayment through Year 4.
Defeasance thereafter
ASSUMABLE:
Subject to
Approval and Fee
SUBORDINATE
FINANCING: Mezzanine
allowed subject to approval
RATE LOCK:
1 day prior
to closing. Early rate lock option
available
ORIGINATION
FEE: PAR
to 3% (In Addition to Closing Costs)
