Mixed Use

Location:
Nationwide

Type:
Acquisitions, Refinances, and new construction of mixed use properties

Loan Options:
Fixed and adjustable loans

Amortization:
10, 15, 20, 25, and 30 years

Term:
Fixed Rate 1,3,5,7 and 10 years

Loan-to-Value
70-90% LTV

Debt Service:
DSCR 1.20%

Eligible Properties:

  • Mixed us with commercial component less then 50%.
  • No properties with deferred maintenance in excess of 5% of value
  • Mixed-use, multi-family apartment loans with retail on bottom floor
  • Permanent, construction or substantial rehabilitation. We offer Mezzanine financing for construction of mixed-use properties. Max CLTV is 75% and max CLTC is 95%. Minimum project size is $2 million. CONSTRUCTION ONLY

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:
1.11 based on today’s mortgage interest rates along the requested loan constant

Loan-to-Value

  • 95% for construction
  • 90% for purchase or refinance
  • 75% for cash-out refinance

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


Location:
Nationwide

Type:
Acquisition & development, bridge loans, Construction, Mezzanine non-recourse, Purchase, Cash out, Refinance, or Joint Venture

Loan Options:
Fixed and adjustable loans

Amortization:
15, 20, 25, and 30 years

Term:
Fixed Rate 1,3,5,7 and 10 years

Loan-to-Value
Up to 100 LTV

Property Types:
Flagged or non-flagged hospitality projects

Eligible Properties:

  • Financing solutions for Hotels, Motels, and Resort projects.
  • $1M minimum loan amount for US-based projects, $5M minimum for International projects. No maximum. 75-100% LTVs No properties with deferred maintenance in excess of 5% of value
  • Flagged and non-flagged hospitality projects. Up $6M with full doc and up to $1.5M on stated income. LTV: 95% for Full Doc, 80% for Stated Income-Stated Assets
  • Conduit Loans
  • Permanent, construction or substantial rehabilitation

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

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

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:
1.2 based

Loan-to-Value

  • 100% for construction
  • 100% for purchase or refinance
  • 80% for cash-out refinance

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