COMMERCIAL REAL
ESTATE MORTGAGE FOR OFFICE AND INDUSTRIAL PROPERTIES
Our Commercial Real Estate Mortgage
Can Be Applied To The Following Types of Properties:
Central business district and suburban office; R&D/flex
space; warehouse; distribution and light industrial
single and multi-tenant properties
The Loan Type For Our Commercial
Real Estate Mortgage Is:
Balloon mortgages with a 5, 7, 10-year terms
Amortization:
Up to 30 years
Preferred
Loan Size:
$2,000,000 or larger
Maximum
Loan:
Amount equal to the lesser of:
- 75 - 80%* of the appraised value
- 1.25 - 1.35* debt service coverage
Commercial Real Estate Mortgage
Interest Rates:
Determined by market rates at the time of rate lock.
Rates vary by loan-to-value ratio, debt service coverage
and property quality.
Personal
Recourse:
Non-recourse for secondary market loans
Full-recourse for portfolio and private money loans
Pre-payment:
Varies (from none; to yield-maintenance or defeasance)
Commercial Real Estate Mortgage
Closing Expenses:
Standard transaction costs
Preliminary
Submission Package:
- Property description
- Color photographs
- Current rent-roll
- Year-to-date income statement
- Prior years income statement
*Depending on age and condition of property
If you have any questions about our Commercial
Real Estate Mortgage, contact us today!
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