Medium/Large Commercial Mortgages

($1M to $100M)

 

Loan Application

To get started, please fill out all our online application.

 

Loan Parameters

Loan size -  $1 million to $100 million.

Non-Resource/Collateral Required - First Mortgage, non-recourse; no personal guaranties required, except for standard commercial lender carve-outs.

Loan purpose - Permanent first mortgage loans for acquisition financing, refinancing, and discounted debt payoffs.

Terms - Any term from 7 - 20 years.

Loan-to-value

  • Up to 80% - Multifamily, Anchored Retail, Office

  • Up to 75% - Other Retail and Other Property Types

  • Up to 70% - Hotel

Debt Service Coverage Ratio

  • 1.20x minimum - Multifamily or Anchored Retail

  • 1.25x minimum - Office and Industrial and Other

  • 1.40x minimum - Hotels

Prepayment fees - Vary based on loan type.

Closing costs – Origination Fee, Processing Fee ($5,000 non-refundable), appraisal, title, environmental, engineering, insurance and survey are paid by borrower.

 

 

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Last modified July 06,  2006

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