Loan Terms

Commercial Real Estate Loans

 

$10,000,000.00 Minimum

 

Term: 5, 7, and 10 years generally.
Interest Rate: Prefer Fixed Rate payments – interest only.
Will consider 10/25 amortization on 10 year loans.
Rate based over corresponding WSJ Prime Rate plus margin.
Payment Rate: A payment schedule is negotiable on each particular deal.
Fee: Usually 1% – 3%, but will vary depending on the property type and terms.
Prepayment: Usually on a declining basis, depending on the needs of the Borrower.
Loan to Value Ratio: Up to 85% of current market or appraised value.
Endorsements: In most cases, personal liability will be required.
Capital Availability: Available for purchase and refinance and some construction. Capital is
much more available in the secondary market for 2011.