Small Commercial Loans
In commercial real estate financing, “experience” is what matters most. We can arrange financing for any commercial loan. We also have the flexibility to tailor the right loan product for the borrower, through our investor network of over 3000 lenders.
Our highly trained, knowledgeable staff examines each transaction to place it in the best program based on your unique scenario. We understand the complexity of a commercial transaction in today’s market and most importantly, we have the relationships with lenders, investors and banks to close deals efficiently and quickly.
| Highlights | Details | |||
|---|---|---|---|---|
| Loan Amount | Up to $6 million nationwide | |||
| Term | 5-30 years | |||
| Amortization | Up to 30 years | |||
| Interest Rate | Fixed- and variable-options available | |||
| MAX LTV | 80% | |||
| Minimum | DSCR 1.25x | |||
| Supplemental Financing | Supplemental Mortgage Loans are available. | |||
| Prepayment | Flexible prepayment options available, including AVAILABILITY yield maintenance and declining prepayment premium. | |||
| Rate Lock | 30 to 180 day commitments. Borrowers may lock a rate with the Streamlined Rate Lock option. | |||
| Accrual | 30/360 and actual 360 | |||
| Recourse | Non-recourse execution is available with standard carve-outs for “bad acts” such as fraud and bankruptcy. | |||
| Property Eligibility | Conventional properties; Multifamily Affordable Housing Properties; Cooperative Properties (market rate); and Manufactured Housing | |||