Conventional Loans are available nationwide for various commercial properties. The interest rate is fixed for 1-5 years to adjustable with a standard 10-year term. Finance acquisitions and refinance to 85% LTV. The cash-flow is analyzed by dividing the net operating income by the proposed payment for a minimum 1.25% debt coverage ratio. This type loan typically requires minimum net worth equal to the loan amount, standard credit rating and liquidity to qualify.

Lending CriteriaDescription
Purpose:
  • Purchase and Refinance
Property Type:
  • Office Buildings / Retail
  • Industrial / Warehouse
  • Single Tenant / Restaurant
  • Self-Storage / Gas Stations
Max Loan-to-Value:
  • 65% – 85% LTV
Minimum Credit Score:
  • 670
Prepayment Penalty:
  • Step-Down
Maximum Debt-Service-Ratio (DSR):
  • 1.25% – 1.30%
Recourse:
  • Yes
Broker Fee:
  • 1 point
Terms:
  • 10-Years
  • 1 / 3 / 5 Fixed/Adjustable
Interest Only:
  • Available
Loan Amounts:
  • $750,000 – $5,000,000
Closing Timeframes:
  • 45 – 60 days
Amortization:
  • 25 or 30-Years
Collateral:
  • 1st Trust Deeds
Impounds:
  • Required for Tax & Insurance
Other Available Options:
  • Non-Recourse
  • Interest Only
Other Costs:
  • All 3rd Party Fees