Commerical Loans

Loan amounts: $500,000 to $10,000,000

Territory: Nationwide

LTV: Up to 80% (Multi-Familiy)

Subordinate financing: Up to 75% (Commercial)

Eligible Properties:

• Mobile Home Parks
• Retail
• Industrial
• Office
• Self Storage
• Office condos
• Warehouse
• Mini Storage

DSC: .90 – 1.30 depending on program

Credit: Generally 600+

Fixed Rate Period:

• 6 months, followed by 6 month Libor +
• 3 Years, followed by 6 monh Libor +
• 7 Years, followed by 6 month Libor +
• 10 Years, followed by 6 month Libor +

Loan Term: 30 Years

Prepayment penalty: Depends on property type

Recourse: Full

Appraisal:

• Lenders appraiser required
• Fee based on location & property type

Inspection: Typically Required

Environmental: Depends on property type

Impounds: Tax & insurance escrows required