Special Purpose
Commercial Loan Guidelines
Designed for Hotels, Motels, Gas Stations, Auto Repair, Convenience Stores, Restaurants, Daycare Centers, Assisted-Living Facilities, Dry Cleaners, Funeral Homes.
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LOAN SIZES: $500,000 - $8 Million
TERMS: Adjustable, 2, 5, 10, 20, 25 years
MARGINS: 75 - 600
AMORTIZATION: 15 - 25 years.
MIN DSCR: 1.05 aquisition/ 1.25 refinance
LOAN-TO-VALUE: 85%
RECOURSE: Yes
PREPAYMENT: Declining fixed
REPORTS: Phase 1 - Environmental Survey
MAI - Appraisal
CLOSING: 50 days
TERMS: Adjustable, 2, 5, 10, 20, 25 years
MARGINS: 75 - 600
AMORTIZATION: 15 - 25 years.
MIN DSCR: 1.05 aquisition/ 1.25 refinance
LOAN-TO-VALUE: 85%
RECOURSE: Yes
PREPAYMENT: Declining fixed
REPORTS: Phase 1 - Environmental Survey
MAI - Appraisal
CLOSING: 50 days
* The above data is for informational purposes only and is subject to change.
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