Retail

Location:
Nationwide

Type:
Acquisitions, refinances

Loan Options:
Fixed and adjustable loans

Amortization:
15, 20, 25, and 30 years

Term:
1, 5, 7, and 10 year Fixed

Loan-to-Value
Up to 95% LTV

Debt Service:
DSCR 1.20%

Property Types:
Retail locations one unit up

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

Loan-to-Value

Up to 95% for construction
Up to 95% for purchase or refinance
Up to 80% for cash-out refinance

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

Shopping Centers

Location:
Nationwide

Type:
Acquisitions, refinances

Loan Options:
Fixed and adjustable loans

Amortization:
15, 20, 25, and 30 years

Term:
1, 3, 5, 7, 10, and 15 fixed rates available

Loan-to-Value
Up to 95% LTV

Debt Service:
DSCR on these properties range from 1.0% - 1.20%

Property Types:
Shopping Centers

Eligible Properties:

Net Lease financing available.
No properties with deferred maintenance in excess of 5% of value
Conduit Loans available.

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

Personal Guarantee:
Non-Recourse and Recourse options

Loan-to-Value

Up to 90% for construction
Up to 90% for purchase or refinance
Up to 80% for cash-out refinance

Strip Malls

Location:
Nationwide

Type:
Acquisitions, refinances, and new construction Strip Malls

Loan Options:
Fixed and adjustable loans

Amortization:
15, 20, 25, 30 year

Term:
10, 20, 25, and 30 years

Loan-to-Value
Up to 90% LTV

Debt Service:
DSCR on Strip Malls is 1.0% - 1.20%

Property Types:
Strip Malls and Retail Locations

Eligible Properties:

Existing Strip Malls
No properties with deferred maintenance in excess of 5% of value
Stand alone Retail Locations
Conduit Loans for strip center with national anchors
Permanent, construction or rehabilitation

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

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

Personal Guarantee:
Non-Recourse and Recourse options

Rate Lock:
Rate locks are available. An advanced deposit is required and credited towards loan closing.