Loan Amounts

• From $150,000 – $20,000,000

Loan-to-Value (LTV)

• 65% max
• 50% max on land

Program Types

• 1–3 years balloon (typical)

Amortizations

• Interest only

Property Types

• Mixed Use, Retail, Office, Warehouse, Self-Storage, Light Industrial, Medical Center
• Case by Case: Hospitality, Dealerships, Assisted Living, Land
• Not Eligible: Non-Profits

Rates

• 9.5% – 13% (may be higher for distressed borrowers or properties)

Occupancy

• No minimum requirement

Lease Types

• No minimum requirement

Lending Areas

• Continental USA – All major cities (up to max LTV)

Income Requirements

• Flexible on income – P&L in some cases

Other Requirements

• Net Worth: No minimum
• Reserves: Must show ability to pay mortgage until property cashflows, or have an interest reserve
• Experience: Investment property ownership experience is generally preferred
• Credit Score: No minimum, but credit reviewed (prefer clients with good pay history)

Prepayment Penalties

• Yes, in most cases, customized for the loan term