Office & Retail Property Loans

Commercial loans for office, shopping centers and retail properties. Financing options for acquisition or refinance of shopping centers office buildings and retail centers. Maintained relationships with a select number of top tier investors assures borrowers access to competitive pricing and terms.

MINIMUM LOAN: $5,000,000.00

LOAN TERM: 5, 7 or 10 Years

AMORTIZATION: Up to 30 Years

MINIMUM DSCR: 1.20x to 1.25x

MAXIMUM LTV: Case by case basis

INTEREST RATE: Fixed or adjustable rate options on an actual 360 basis

ELIGIBLE PROPERTY TYPES: Retail, Office, Industrial and Self Storage

TAX AND INSURANCE ESCROWS: Monthly Deposits Required

REPLACEMENT RESERVES: Monthly Deposits Required

RECOURSE: Case by Case. In Most Cases Non-Recourse With Standard Exceptions For Fraud and Misrepresentation

REQUIRED REPORTS: MAI Appraisal, Property Condition Assessment, Phase I.  Others if applicable

PREPAYMENT: No prepayment through Year 4. Defeasance thereafter

ASSUMABLE: Subject to Approval and Fee

SUBORDINATE FINANCING: Mezzanine allowed subject to approval

RATE LOCK: 1 day prior to closing. Early rate lock option available

ORIGINATION FEE: PAR to 3% + 1-4 Points. (In Addition to Closing Costs)

IMPORTANT: This is not an offer to make a loan, all requests are subject to normal due-diligence and final approval under conditions that are standard for the specific transaction. The above terms and conditions are subject to change without prior notice and other terms and conditions apply.