Long Term Commercial Loan
Commercial
Program #LG266
Commercial
Program #LG266
Summary of all Guidelines | |
| Loan Types | Commercial Loan |
| Property Types | Condo, Hotel, Senior Care - Commercial Property, Shopping Center, Strip Center, Warehouse |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $2,500,000 |
| Interest Rate Minimum | 9.5% |
| Interest Rate Maximum | 11.5% |
| Points Minimum 1st TD | 2 |
| Points Maximum 1st TD | 4 |
| Terms | 3 year, 4 year, 5 year |
| Interest Only or Amortized | Interest Only |
| Lien Position | 1st, 2nd |
| Prepayment Penalty | 6 months |
| General Pricing or Guideline info | - Lower LTV’s determine if the loan qualifies for a lower interest rate and points. - 65% LTV’s are considered by a case-by-case basis. - We do not loan on Owner Occupied (OO) 1-4 Unit properties unless the loan is for business purposes. - Land and construction loans are considered on a case-by-case basis. - All Terms and Rates are subject to change. This rate sheet does not constitute a commitment to lend. |
| Updated as of | 2023-10-03 |
- Lower LTV’s determine if the loan qualifies for a lower interest rate and points.
- 65% LTV’s are considered by a case-by-case basis.
- We do not loan on Owner Occupied (OO) 1-4 Unit properties unless the loan is for business purposes.
- Land and construction loans are considered on a case-by-case basis.
- All Terms and Rates are subject to change. This rate sheet does not constitute a commitment to lend.
- Bentley Richards
