Long Term Commercial Loan
Program #LG256
Program #LG256
![Seattle Funding Group](https://lendding.com/wp-content/uploads/2024/09/2087398000000299403_accounts_photo.png)
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 |
These descriptions are limited information and meant for general reference purposes.
- Chuck Salas
Senior Underwriter - California