Long Term Commercial Loan
- LG256
- LG256
Summary of all Guidelines | |
| Loan Types | Commercial Loan |
| Property Types | Automotive, Bar, Condo, Daycare, Gas Station, Hotel, Industrial, Mixed use, Motel, Multi Family, Office, Restaurant, Retail, Self-Storage, Shopping Center, Strip Center, Warehouse |
| Lendding Area | alaska, arizona, california, colorado, hawaii, idaho, nevada, oregon, utah, washington |
| Loan amount Minimum | $1,000,000 |
| Loan amount Maximum | $15,000,000 |
| Interest Rate Minimum | 9% |
| Interest Rate Maximum | 12% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 2.5 |
| Terms | 1 year, 2 year, 3 year |
| Credit Score Min | 600 |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Fixed or Adjustable | Fixed |
| Updated as of | 2024-01-18 |
| Program Code | LG256 |
These descriptions are limited information and meant for general reference purposes.
