Life Insurance

Life Insurance Loans are generated by life insurance companies who balance an investment portfolio. They invest a portion of the portfolio in real estate mortgages to generate interest income.  $1MM to $10MM loan amounts for purchase or refinance and up to 30-year amortization.  Terms of 10 – 25-year fixed rates with early rate lock and no reserves.  Non-recourse and assumable both available up to 75% loan to value and with a 1.25% minimum Debt Service Coverage Ratio (DSCR).

Lending CriteriaDescription
Purpose:
  • Purchase and Refinance
Property Type:
  • Office Buildings / Retail
  • Industrial / Warehouse
  • Hospitality / Mixed Use
  • Self-Storage / Gas Stations
  • Medical / Healthcare
Max Loan-to-Value:
  • 75% LTV
Minimum Credit Score:
  • 680+
Prepayment Penalty:
  • Yield Maintenance
Maximum Debt-Service-Ratio (DSR):
  • 1.25%
Recourse:
  • Recourse
Assumable:
  • Subject to lender approval
Broker Fee:
  • 1 point
Terms:
  • 10 – 25-Years
Interest Only:
  • Available
Loan Amounts:
  • $1,000,000 – $10,000,000
Closing Timeframes:
  • 60 – 90 days
Amortization:
  • 25 – 30-Years
Collateral:
  • 1st Trust Deeds
Impounds:
  • Required for Tax & Insurance
Other Available Options:
  • Interest Only
Other Costs:
  • All 3rd Party Fees