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Provident Bank Commercial

Long Term Commercial Loan
Commercial California - LG31

Provident Bank Commercial

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.