Lenders and Loan Programs

Following are the loan programs we offer:

Permanent Loan Programs
FNMA and FHA Multifamily Loan Programs
Small Loan Lending Programs

 

Permanent Loan Programs:
Preferred Property Types:

• Multifamily (seniors, students and traditional)
• Shopping Centers and Anchored Retail
• Industrial / Warehouse Distribution and Flex
• Office Buildings
• Medical / Dental Buildings
• Hotels (flagged)
• Mini-storage

Terms:

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:	Size Dependent, Up to 1%
Third Party Reports:	Property condition and seismic report, environmental site assessment and ALTA survey. No MAI appraisal required on some loan programs
Lenders:	Prudential Mortgage Capital Company Principal Real Estate Investors National Life Insurance Company

FNMA and FHA Multifamily Loan Programs:
Available via our correspondent DUS lenders.
Eligible Properties: All income producing, multifamily rental or cooperative properties with more than four units.

 

Small Loan Lending Programs:
Preferred Property Types:

• Multifamily
• Retail
• Industrial
• Office
• Self Storage

Terms:

Loan Size:	$1,000,000 - $5,000,000
Interest Rate:	Rate lock at Application
Loan Maturities:	10 year fixed rate
Loan-to-Value:	75% (up to 80% multifamily)
Origination Fee:	1%
Lenders:	Greystone Servicing Corporation Farm Bureau of Michigan Grandbridge Real Estate Capital