Commercial Real Estate Permanent Loan

The Commercial Real Estate Permanent Loan is for stabilized commercial real estate properties in major markets nationwide. Offering stabilized rates and terms, up to a 10 year term with interest-only, fixed and hybrid options. The unique hybrid option offers 5 years interest only + 5 years fixed for a 10 year loan term. The loan is eligible to experienced borrowers seeking premium rates, terms and quick execution. Hybrid options, fixed options, interest only options, non-recourse and quick closings make this loan program a viable alternative to a traditional bank loan. 

 

 

Key Points

Common-sense underwriting and flexibility

Foreign national borrower - ok

Lower occupancy with strong cash flow - ok

Properties that do not meet conventional underwriting criteria - ok

Properties without historic financials considered

Stabilized rates and terms

Quick Closings

 

 

Terms

$750,000 - $25 million

LTC: up to 85%

LTV: up to 80%

Rate: Fixed, Interest Only and Hybrid Options

Fixed: from 5.00%*

ARM: from 4.19%*

Index: 30 Day LIBOR

Term: 5, 7 and 10 years

Amort: up to 30 years & Interest-Only Options

DSCR: 1.20x minimum

Multiple Prepayment Options

Recourse Not Required

 

 

Purpose

Acquisition

Refinance

Cash-Out

 

 

Collateral

Industrial

Hospitality

Mixed-Use

Mobile Home Park

Multifamily

Office

Retail

Self Storage

Single Tenant

Student Housing

 

 

*Interest dependent upon: term, leverage, credit profile, experience and liquidity