Portfolio Investor
| Feature | Characteristics |
|---|---|
| Investor | |
| Maximum loan amount |
$20,000,000.00 * 75% office/shopping center * 60% Semi-generic * 55% Special use * 55% Unanchored retail |
| Maximum LTV (1st lien) |
20 years – 25 years* *On Exception Areas |
| Minimum personal credit | 650 – No previous bankruptcy |
| Acceptable markets | Urban/suburban areas |
| Rates | Start at 5% |
| Preferred characteristics | * Warehouse * Office * Manufacturing * Medical offices |
| Minimum equity injection | 20% |
| Minimum EDSC | 1.40X |
| Management experience | Previous ownership required |
| Minimum prepayment penalty | Declining 5% for years 1-5 |
Credit Tenant Lease Financing
| Feature | Characteristics |
|---|---|
| Eligible Property | Property is 100% leased to credit tenant and has long term lease |
| Loan amount | $ 4 Million or MORE |
| Property Type | Office, Retail, Industrial, Healthcare, Warehouses |
| Transaction Type | Acquisition or Refinance |
| Forward Rate Lock | Up to 12 months |
| Interest Rate | Starting at 4.5% |
| Tenants | S&P or Moody Investment Grade Tenants |
| LTV | Up to 100% |
| Loan terms | Up to lease term |
| Minimum DSCR | 1.05% |
Bridge Loan
| Feature | Characteristics |
|---|---|
| Loan amount | From $250K to $20 million |
| LTV | Up to 60% max |
| CLTV | May be allowed on a case by case basis up to 75% |
| Loan term | Up to 36 months |
| Minimum Fico required | None |
| Prepayment penalty | None |
| Exit fee | None |
| Interest rate | Starting at 10% |
| Lending | Nationwide lending. No rural areas(minimum population required 100K) |
| Acceptable property types | Office, medical/dental, office condo, warehouse, multifamily, mixed use, retail, strip centers, assisted living facility, day care, flagged and non-flagged hotel/motel, other property types considered on a case by case basis |
| Interest only payment | Available |
| Closing time | Can close as fast as 30 days with full package |
| Lender Fee | 2-4% |
| Broker Fee | 1-3% |