Office Building Financing: Modern office buildings containing a minimum of 5,000 square feet of net rentable area and adequate available parking in suitably zoned commercial locations. Strong preference for properties located with planned industrial parks or in cities where the office market is strong.
Multi-Family Apartment Financing: Lending nationally and programs available in most major markets and secondary cities. Existing apartments are in good condition, although older properties will be considered. The loan may not exceed 90% of value or the amount that has a minimum DSCR of 1:10%
Retail Center Financing: Retail and commuity shopping centers. Anchored and non-anchored, outlet centers and single tenant buildings will be concidered. Facilities should have been completed and in operation for at least 12 months. Properties built or substantially renovated since 1985 are preferred. LTV may not exceed 80%.
Hotel Financing:Hotel and motel properties including both franchised and indenpendent facilities. For underwriting purposes the maximum occupancy will be lesser of prior year actual or 75%. Properties with less than 60% occupancy are generally ineligible for conventional financing. Operating cash flow with trailing 12 months results.
Self Storage Financing: Eligible properties include single and multi-tenant properties including warehouses used for storage, as well as self-storage facilities. Getting a storage loan for your property is possible, provided it meets some of these basic conditions.
Assisted Living Financing: Commercial loans for assisted living centers were both the property and business serve as collateral for the commercial mortgage. Loans are available for owner operator centers with strong current and historical financials.