| Eligible Properties |
Owner occupied or investor properties are acceptable. |
| Borrower |
Single asset, single purpose entity. |
| Loan Benefits |
Bedford Lending offers the most competitve financing programs for commercial properties--longer fixed terms and better rates than bank financing. NO Balloons. BLC also offers the widest array of financing options available. |
| Loan Amount |
$100,000 To $2,000,000. |
| Loan Term |
15, 20 and 30 year terms available. |
| Interest Rate |
Determined by market rates at the time of rate lock. Rates vary by loan-to-value ratio, debt service coverage and property quality. |
| Amortization |
15 - 30 years |
| Recourses |
Non-recourse. |
| Assumability |
Assumable, subject to approval and applicable fees. |
| Prepayment |
Will vary depending on the loan term chosen, but generally will have a flat, declining penalty schedule. |
| Loan to Value |
Up to 90% with seller financing. |
| Rate Lock |
Early or standard rate locks available. |
| Loan Request Package |
Include the following in your request for a loan quote:
1. Property description and location map .
2. Representative Color photos.
3. Current rent roll and year-to-date operating statement.
4. Operating history - prior 3 years, if available.
5. Current year operating budget.
6. Existing debt and cost basis.
7. Sponsor resume. |