Property type:Multifamily-Mixed Use-Office-Retail-Industrial
Loan amount:$300,000- $20,000,000
Personal Guarantee:Often required but we have programs that do not require personal guarantees
Maximum LTV:70-80% depending upon loan type
Terms:Initial fixed rate period from 3-10 years
Loan Type:Balloons and arms
Amortization: 5-25 years
Credit Scores:680 for most loans but we have outlets that are not credit-score driven
Debt Coverage Ratio:Typically 1.20 or higher depending upon lender guidelines
Prepayment Penalties:Generally required but varies by property type, loan amount, and lender guidelines
Loan Fees:Varies by property type and loan amount
Appraisal FeesVaries by property type and loan amount