Long Term Commercial Loan
Commercial California
Program #LG31
Commercial California
Program #LG31
Summary of all Guidelines | |
| Loan Types | Commercial Loan |
| Property Types | Industrial, Mobile Home Park, Office |
| Lendding Area | california |
| Loan amount Minimum | $350,000 |
| Loan amount Maximum | $6,000,000 |
| Interest Rate Minimum | 7% |
| Interest Rate Maximum | 7% |
| Terms | 1 year, 3 year, 5 year, 10 year, 25 year |
| Interest Only or Amortized | Amortized Only |
| Lien Position | 1st |
| General Pricing or Guideline info | Provident Bank is actively lending! We are looking at the following properties in California: multifamily, office units, light industrial, mobile home parks and more. LTV’s up to 70%/75% Minimum DCR 1.20 Current Rate for multifamily purchase/rate & term: 5.70% on 5yr fixed / 30 year loan Current Rate for office purchase/rate & term: 6.00% on 5yr fixed, 10 year loan with payment amortized over 25 years Cash out options available, small rate add for cash out, inquire for more information For a quote/review, please send: Address Rents per unit Bedroom count per unit/Tenant name and lease end date for office/mixed Approx annual property expenses Amount owed Target loan amount Copy of the listing for purchase As of 12.13.2022 |
| Updated as of | 2022-01-01 |
Provident Bank is actively lending!
We are looking at the following properties in California:
multifamily, office units, light industrial, mobile home parks and more.
LTV’s up to 70%/75%
Minimum DCR 1.20
Current Rate for multifamily purchase/rate & term: 5.70% on 5yr fixed / 30 year loan
Current Rate for office purchase/rate & term: 6.00% on 5yr fixed, 10 year loan with payment amortized over 25 years
Cash out options available, small rate add for cash out, inquire for more information
For a quote/review, please send:
Address
Rents per unit
Bedroom count per unit/Tenant name and lease end date for office/mixed
Approx annual property expenses
Amount owed
Target loan amount
Copy of the listing for purchase
As of 12.13.2022
These descriptions are limited information and meant for general reference purposes.
- Gina Koenen
Commercial Loan Office
