Permanent Loan Programs
Preferred Property Types
Apartments (seniors, students and traditional)Shopping Centers and Anchored RetailIndustrial / Warehouse Distribution and FlexOffice BuildingsMedical / Dental BuildingsHotels (flagged)Mini-storage
| Loan Size: | $3,000,000 minimum |
| Interest Rate: | Fixed at application, spreads over corresponding Treasury yields |
| Loan Maturities: | 5, 7, 10, 15 or 20 years. Amortizations 10 to 30 years (fully amortizing loans available) |
| Prepayments: | Yield maintenance |
| Security: | Non-recourse, first trust deed |
| Loan-to-Value: | 75% |
| Debt Coverage Ratio: | 1.20 x minimum |
| Origination Fee: | 1% |
| Third Party Reports: | Property condition and seismic report, environmental site assessment and ALTA survey. No MAI appraisal required on some loan programs |