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COMMERCIAL LOAN PROGRAM Program Summary Long-term, fixed rate financing for multifamily properties, office buildings, retail/shopping center, industrial buildings, mobile home parks, self-storage facilities, and mixed-use commercial properties. Property Criteria Mixed Use Properties whose commercial rental income represents 20%-50% of the gross potential rental income. Property must have a minimum residential component of 50% of gross potential rental income. Amortization - 30 years Maximum Loan to Value - 75% Minimum Debt Service Coverage - 1.30x Mobile Home Parks Amortization - 30 years Maximum Loan to Value - 75% Minimum Debt Service Coverage - 1.25x Multifamily Amortization - 30 years Maximum Loan to Value - The lesser of 80% of appraised value, or 80% of purchase price Minimum Debt Service Coverage - 1.25x Office, Retail, and Industrial Office - general office space Retail - anchored, unanchored, shadow Industrial - bulk distribution, multi-tenant Amortization - 30 years Maximum Loan to Value -75% Minimum Debt Service Coverage - 1.30x Self-Storage Facilities Amortization - 30 years Maximum Loan to Value - 75% Minimum Debt Service Coverage - 1.30x Copyright © 1999. Armstrong Mortgage Company. All Rights Reserved. Send e-mail to info@armstrong-mortgage.com