SMALL BALANCE COMMERCIAL LOAN PROGRAM

Eligible Properties Office, Retail, Self Storage, Industrial, Warehouse, Mobile Home Parks, Medical, Hotels
Borrower Single asset, single purpose entity
Loan Benefits Long term fixed rates, flexible prepayment options, underwrite using lower reserve carve-outs.
Loan Amount $500,000 To $5,000,000
Loan Term 3, 5, 7 and 10 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 25 - 30 years
Recourses Non-recourse and Recourse Programs
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 80%
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 photographs
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

COMMERCIAL PROGRAMS

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