Office

Location:
Nationwide

Type:
Acquisitions and refinances properties

Loan Options:
Fixed rate for 1,3,5,7 or 10 year

Amortization:
15, 20, 25, and 30 years

Loan-to-Value
Up to 95% LTV

Debt Service:
DSCR 1.20%

Property Types:
Office Building

Eligible Properties:
Existing office buildings, Office condos

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

3, 5, 7, 10, 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:
1.0-1.2 Depending on LTV and use