Commercial Real Estates Financing

Commercial Building Financing

Underwriting Guidelines

Eligible Property Types: commercial real estate, office buildings, professional office buildings and others. Single tenant office properties or 51% owner-occupied with long-term leases.

Loan Size: $250,000 - $5,000,000

Eligible Locations: Nationwide

Loan Term Amortization: 15, 20, 25 Years

Collateral: First lien position as certified by title insurance policy on property. Collateral assignment required; subordination of tenant leases may be required.

Debt Service Coverage Ratio: Minimum DSCR of 1:2 depending upon property type, age, physical condition, location, and competitive market position.

Loan-to-Value Ratio: Up to 100% of MAI Appraised Value

Loan Escrows: Borrower may be required to contribute monthly to an escrow account for real estate taxes and property insurance. The borrower may also be required to establish a monthly capital replacement escrow reserve equal to the greater of (a) 5% of gross revenues or (b) an amount to be determined on the basis of an engineering report and site inspection.

Appraisal: Complete Summary MAI Appraisal and Environmental Insurance/Screen or Phase 1 required.

Survey: Updated survey required unless title company agrees to delete the standard exceptions from the title policy.

Reserves at Closing: The borrower shall establish a remediation/repair reserve at closing equal to 125% of required deferred maintenance repairs as indicated in the environmental and architectural/engineering reports.

Eligible Principals: U.S. citizens, permanent resident aliens, non-permanent resident aliens (with restrictions); majority principal owners cannot be on probation or parole.

Recourse: Must be personally guaranteed by all 20% or greater owners of real estate or operating entity.

Commercial Real Estate Loans Between $50,000 To $1MM.

General Terms: Interest Rates Starting at 7.50% - Fully Amortizing 30 Year Fixed Commercial Mortgage.

Program Highlights Include:

No FICO Score Minimum - Rates As Low As 7.50% - 30 Year Fixed Term - Full Documentation Underwriting

Eligible Property Types Include:

Multi-Family - Mixed-Use - Strip Malls/Shopping Malls

Retail Spaces - Office Spaces - Warehouses

Day Care Centers - Light Industrial - Hospitality

Marinas - Auto Body Shops - Auto Repair Shops

Car Wash -Self-Storage

Stated Income Owner-Occupied Program

Bank Statement Program

Loan Amount: $250K-$2MM

Loan Purpose: Purchase, Cash-Out, Refinance

Loan Product: 5-Year and 7-Year Hybrid

Rates: 6-9%

Amortization: 20, 25, 30

Eligible Borrowers: U.S. Citizens, Permanent Resident Aliens, Legal Entities

Index: Wall Street Journal Prime Rate

Property Types Tier I: Multifamily And Mixed-Use (Residential)

Property Types Tier II: Mixed-Use (Commercial), Office, Retail, Light Industrial, Self-Storage, Warehouse, Automotive, Mobile Home Park, Daycare Center, Restaurant, Bars

Standard Prepayment Fees: 5% For First 3 Years

For Stated Owner-Occupied Program: Guarantor(s) are not required to provide personal or business tax returns to qualify for this program. Guarantor(s) may be eligible for a different loan program with more favorable terms. If verifiable documentation such as personal and/or business tax returns are provided.

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