Home

About Us

Products
FHA Loans
Fannie Mae Loans
Small Loans
Commercial Loans

Consulting

Recent Closings

Contact Us

SMALL LOAN BALANCE COMMERCIAL LOAN PROGRAM

Program Summary

Long-term, fixed rate financing from $100,000 to $2,000,000 for mixed-use, mobile home parks, multifamily properties of 5 units or more, office buildings, retail/shopping center, industrial buildings and self-storage facilities.

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 - Up to 25 years
• Maximum Loan to Value - 75%
• Minimum Debt Service Coverage - 1.30x

Mobile Home Parks

• Amortization - Up to 25 years
• Maximum Loan to Value - 75%
• Minimum Debt Service Coverage - 1.25x

Multifamily - 5 or more units

• Amortization - 25-30 years (30 years for properties less than 15 years old)
• 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 - Up to 25 years
• Maximum Loan to Value - 75%
• Minimum Debt Service Coverage - 1.30x

Self-Storage Facilities

• Amortization - Up to 25 years
• Maximum Loan to Value - 75%
• Minimum Debt Service Coverage - 1.30x