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North Avenue Capital

Long Term Commercial Loan
USDA B&I Loan - LG526

North Avenue Capital

Summary of all Guidelines

Loan Types Commercial Loan
Property Types Assisted Living, Automotive, 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

These descriptions are limited information and meant for general reference purposes.