Commercial Programs under $1,000,000
Eligible Property Types...............Office Retail, Industrial,
Minimum Loan Amount................$100,000
Maximum Loan Amount...............$1,000,000
Recourse.....................................All loans personally guaranteed
Interest Rate Type.....................15-year fully amortizing, 10, 15, 20, 25-year-5 year fixed rate adjustables
Loan Terms.................................up to 25-years
Amortization...............................up to 25-year
Debt Service Coverage...............1.25x
Loan-To Value.............................Acquisition: Lesser of 80% purchase price or 80% of appraised value….Refinance 80% appraised value
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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