Long Term Commercial Loan
- LG121
- LG121
Summary of all Guidelines | |
| Loan Types | Commercial Loan |
| Property Types | 2-4 Units, Automotive, Bar, Church, Daycare, Funeral Home, Gas Station, Hotel, Industrial, Medical Facility, Medical Office, Mixed use, Mobile Home Park, Motel, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Senior Care - Residential Property, SFR, Shopping Center, Special-Use, Strip Center, Student Housing, Warehouse |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $200,000 |
| Loan amount Maximum | $30,000,000 |
| Interest Rate Minimum | 8.5% |
| Interest Rate Maximum | 12% |
| Terms | 30 year |
| Credit Score Min | 550 |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Lien Position | 1st |
| Max Points Charge by Broker | 3 |
| Prepayment Penalty | 5,4,3,2,1 |
| Fixed or Adjustable | Fixed |
| Updated as of | 2024-05-13 |
| Program Code | LG121 |
These descriptions are limited information and meant for general reference purposes.
