Fixed Rate Programs

Variable Rate Programs
Financial Due Diligence

The following is a general overview of the Fixed Rate Guidelines. Exceptions and alternatives to the guidelines will be considered on a case by case basis.
 
Loan Purpose: Permanent first mortgage loans for acquisition financings and refinancing
Property Types:   Multifamily, manufactured housing, office, retail, industrial, warehouse, hospitality, self storage, and other income producing property types.
Financing Size:   $500,000 minimum - no maximum
Loan Term:   3, 5, 7, 10, 15, 20 and 30 Year Terms
Loan to Value Ratio:   Multifamily - Up to 90%
Manufactured Housing- Up to 90%
Office- Up to 90%
Anchored Retail, Non-Anchored Retail Up to 90%
Industrial- Up to 85%
Hotel- Up to 80%
 
Required Debt Service
Coverage :
 
  Minimum of 1.10x to 1.40x
 
Collateral:   First mortgage
Up Front Fees:   None with Signed Agreement
Loan Commitment:   Usually within thirty days of receipt of required documentation.
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Costs:   Negotiated Broker Fee
Appraisal
Environmental Studies
Title Insurance
Lender Legal Fees
Other Miscellaneous Transaction Cost which will be disclosed.
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