Commercial Loan Terms

Loan size
$100,000 up to $6 million.

Credit
575+ credit scores for primary borrower or primary guarantor.

Loan-to-value
Loan amounts up to 90% of property value.

Loan purpose
Rate/term refinance, cash-out refinance, or purchase.

Occupancy
Owner occupied or investor properties are acceptable.

Loan types
6-month adjustable; 1 year adjustable, 2yr, and 5yr fixed.

Terms
15, 20, 25, and 30-year fully amortizing loans are available on all property types.

Subordinate financing
CLTV's to 90% LTV.

Rate
Pricing based on property type, loan-to-value, borrower credit score, and amortization period.

Rate locks
Rate locks are automatic on the 6-month adjustable, 2yr and 3yr fixed programs.

Prepayment fees
Varies based on loan type. Typically, we have a 5% for 5 years pre-payment penalty.
There are multiple options available to reduce/limit the pre-payment penalties.

Closing costs
$650 lender fee. All third party costs including appraisal, title, environmental insurance and survey (if required) are paid by borrower. $5000 fee paid at closing if borrower declines automatic payment.

Guarantee
Personal guarantees are mandatory for all eligible borrowers including individuals, corporations, partnerships, LPs, LLCs, and certain trusts.

Escrows
*Tax escrows are required. Insurance escrows may be required.