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| Office | From 65% to 80% Loan to Appraisal |
| Medical | From 65% to 80% Loan to Appraisal |
| Warehouse | From 60% to 75% Loan to Appraisal |
| Manufacturing / Industrial | From 60% to 75% Loan to Appraisal |
| Retail | From 60% to 75% Loan to Appraisal |
| Special Purpose | up to 70% Loan to Appraisal |
* Programs for other property types also available. Loan to Appraisal varies.
Rates
| Rates | Fixed | Variable |
| Index | FHLB Rate Index | WSJ Prime |
| Spread GP | Base = FHLB + up to 400 bps |
Base = WSJ Prime + up to 400 bps |
| Spread SP | Base = FHLB + up to 400 bps |
Base = WSJ Prime + up to 400 bps |
Terms
1, 3, 5, 7, 10 & Fully Amortizing
Amortization
10, 15, 20, & 25 Year Amortizations on 30/360 Accrual
Prepayment Penalties
- Range from 0% prepayment penalty to a 10 year 10% declining sales charge.
- Borrowers can always prepay 20% of principal annually without penalty.
Required Reports and Fee Estimates
| Application Fee | $250 - $2,500 |
| Commitment Fees | 0.5% - 2.0% |
| Appraisal | $2,500 - $10,000 |
| Environmental | $1,000 - $3,000 |
| Legal | $2,500 - $7,000 |
| Title & Escrow | Customary Charges |
| Miscellaneous | $1,500 - $3,000 |
Construction Loans
- Adjusted Daily to WSJ Prime. Spread + 100 - 200 bps No Floor, No Cap
- Loan Terms from 6 - 18 months (Avg. = 12 months) Loan Fee 0.5% to 2%
- No Prepayment Penalties and LTV's as prescribed above
Recent Transactions
