Long Term Commercial Loan
USDA B&I Loan
Program #LG526
USDA B&I Loan
Program #LG526
Summary of all Guidelines | |
| Loan Types | Commercial Loan |
| Property Types | Assisted Living, Automotive, Car Wash, Daycare, Entertainment Venue, Funeral Home, Gas Station, Hotel, Industrial, Medical Facility, Medical Office, Memory Care, Motel, Office, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Shopping Center, Skilled Nursing, Special-Use, Warehouse |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $2,000,000 |
| Loan amount Maximum | $25,000,000 |
| Terms | 30 year |
| Fees | Underwriting |
| Lien Position | 1st |
| Max Points Charge by Broker | No max |
| Fixed or Adjustable | Adjustable |
| Recourse | Recourse |
Loans Amount: $2MM-25MM
Location eligibility: https://northavenue.com/geographic-eligibility-map/
No calls or balloons, ever
Terms: Up to 30 years, fully amortized
LTV: up to 80%
Construction to perm loans (1 close, I/O construction, swap to perm)
Government guarantees 80% of loan amount (insurance policy)
Almost all types of businesses except residential, apartments, and multifamily
Eligible uses of capital: refinance, hotels/hospitality, assisted living, industrial, retail, ground-up construction, M&E, manufacturing, working capital, family entertainment, and much more
Equity: Balance sheet must have 10% of loan amount for existing business, 20-25% for start-ups
Collateral must secure loan amount
- Aubrey Jones
