Commercial Programs over $1,000,000
Eligible Property Types...............Office, Retail, Industrial
Minimum Loan Amount................$1,000,000
Maximum Loan Amount...............Unlimited
Recourse.....................................Dependant on plan-recourse and non-recourse available
Interest Rate Type......................Fixed and variable products available dependent on plan
Loan Terms.................................up to10-years fixed, then annual adjustable
Amortization...............................25-30-year
Debt Service Coverage...............1.25x
Loan-To Value.............................Acquisition: Lesser of 80% purchase price or 80% of appraised value….Refinance 80%
Preliminary Information needed:
1. Detailed operating statements for the past three calendar years
2. Year-to-date operation statements
3. Current Rent Roll, if investor
4. Personal Financial Statement
5. Personal Tax Returns for three years
6. If available: recent appraisal, engineering or
environmental reports, site plans, pictures or any
additional information on the property.
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