Private Commercial:
Refinance up to 70% LTV
Construction up to 80% Loan to Cost up to 70% of the After Constructed Value
Program Details:
Loan Amounts:
$4,000,000 - $16,000,000
Interest Rate:
5.875% to 6.25%
Fixed-Rate Period:
10 Years
Amortization Schedule:
30 Years
Points:
1% to 2%
Type:
Non-Recourse with standard Lender Carve-outs.
Collateral Types:
Office, Medical, Mixed-Use, Special Purpose. No Land, or Multi-Family.
Loan to Value:
As-Is: Up to 70% Cash out.
No Purchases at this time.
Construction: Up to 80% Loan to Cost
to Up to 70% of the After Constructed Value.
Prepayment Penalty:
5% - 1st Year
4% - 2nd Year
3% - 3rd Year
2% - 4th Year
1% - 5th Year