Long Term Commercial Loan
New Construction Single Family - LG247
New Construction Single Family - LG247
Summary of all Guidelines | |
| Loan Types | Commercial Loan |
| Property Types | Agriculture, Assisted Living, Automotive, Bar, Cannabis Related, Condo, Daycare, Funeral Home, Gas Station, Industrial, Manufactured Home, Medical Office, Mixed use, Mobile Home Park, Modular Home, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Commercial Property, Shopping Center, Special-Use, Strip Center, Warehouse |
| Lendding Area | florida, georgia, north-carolina, south-carolina, tennessee, texas, virginia |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $3,000,000 |
| Interest Rate Minimum | 10% |
| Points Minimum 1st TD | 3 |
| Points Maximum 1st TD | 3.5 |
| Terms | 1 year, 18 month, 2 year |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Updated as of | 2023-09-11 |
| Program Code | LG247 |
These descriptions are limited information and meant for general reference purposes.
