Industrial Property

Location:
Nationwide

Type:
Acquisitions, refinances, and new construction of Industrial buildings

Loan Options:
Fixed and adjustable loans

Amortization:
15, 20, 25, 30

Term:
10, 20, 25, and 30

Loan-to-Value
Industrial financing: up to 90% LTV

Debt Service:
DSCR on properties is 1.0% - 1.20%

Collateral:
Real property

Property Types:
Industrial

Loan Types

Eligible Properties:
Existing or Construction of Industrial properties.

Loan Programs:
Highly competitive with a wide array of rate plans including:

3, 5, 7, 10, 15, 25, 30, year fixed interest rate terms
10, 15, 25, 30, loan amortizations
3, 5, and 10 year interest only loan structures are available

Personal Guarantee:
Non-Recourse and Recourse options

Fees:
Loan amounts below $3,000,000 (costs will range from $6,000 to $12,000). Loan amount over $3,000,000 (costs can be $20,000 or more). Borrowers are responsible for all due diligence and closing costs (appraisal, environmental, engineering site inspection, title, etc.).

Rate Lock:
60-day lock-in is available. Advanced deposit is required and credited towards loan closing.

Warehouses

Location:
Nationwide

Type:
Acquisitions, refinances

Loan Options:
Fixed and adjustable loans

Amortization:
15, 20, 25, and 30 years

Term:
10, 20, 25, and 30 years

Loan-to-Value
Up to 95% LTV

Debt Service:
DSCR 1.05% - 1.20%

Property Types:
Warehouses

Loan Programs:
Highly competitive with a wide array of rate plans including:

3, 5, 7, 10, 15, year fixed interest rate terms
10, 15, 25, and 30 year loan amortizations
3, 5, and 10 year interest only loan structures are available
Up to $3.5M available for acquisition of warehouse/industrial properties. Up to 85% LTV with 1.05 DSCR
Up $6M with full doc and up to $1.5M on stated income. LTV: 95% for Full Doc, 80% for Stated Income-Stated Assets. Fixed and adjustable rates available, up to 30 year amortization
Conduit Loans of available with loan amounts exceeding $750,000
Cash out available up to 80%

Prepayment
Pre-payment penalties are common when searching for the best and lowest fixed rate. Loan choices can range from fixed declining with yield maintenance, loan defeasance, declining 5, 4, 3, 2, 1 or 3, 2, 1 options – or no prepay penalty with higher rate and fee options are available. Apartment loans may or may not require recourse or personally guarantees.

Personal Guarantee:
Non-Recourse and Recourse options

Minimum DCR:
1.05-1.2 depending on the LTV