COMMERCIAL REAL ESTATE MORTGAGE FUNDING

NON -RECOURSE

Loan Size - $1Million to $5Million

Interest rate range: 3.875% to 6.155% (subject to change)

Cash Out - Permitted

Acceptable Collateral :

     Multifamily 80% LTV, 1.20x, 30 years

     Anchored Retail 80% LTV, 1.20x, 30 years

     Unanchored Retail 75% LTV, 1.25x, 30 years

     Office Building 80% LTV, 1.25x, 30 years

     Warehouse/Industrial 80% LTV, 1.25x, 30 years

     Manufactured Housing 80% LTV, 1.20x, 30 years

     Self-Storage 75% LTV, 1.25x, 25 years

     Hotel 75% LTV, 1.40x, 25 years

     Assisted Living 75% LTV, 1.35x, 25 years

     Skilled Nursing Facilities 75% LTV, 1.40x, 25 years

Loan to Value - 75-80% (depending on property type)

Amortization -   Up to 30 yrs

PREPAYMENT PENALTY – Multiple Options

Assumable - Yes

Origination Fee – 1.5% minimum                              

Estimated Closing – Typically within 30 days of accepted commitment

Third Party Reports:  (ordered upon acceptance of application and payable   

by borrower) Appraisal, Environmental, Property Condition Report, Seismic

(required in high risk areas).

Availability – Nationwide*

* Not available in AL, FL, IN, LA, ME, MA, MI, MS, NJ, Northern OH, and OK

      Required Loan Information:

 

     Transaction summary including property description

     Historical operating statements

     Current debt/acquisition cost/construction costs

     Site plan

     Borrower information

     Photographs

     Current rent roll

 

Info @WesthallFinancial.BIZ

(203) 971-8440                               www.WesthallFinancial.Biz

Views: 26

Comment

You need to be a member of COMMERCIAL REAL ESTATE PROFESSIONALS & INVESTORS GROUP to add comments!

Join COMMERCIAL REAL ESTATE PROFESSIONALS & INVESTORS GROUP

"Early Adopter Upside with 90% Downside Protection" Sale is now live with up to 6X bonuses

FOLLOW US

© 2020   Created by Jude G Regev.   Powered by

Badges  |  Report an Issue  |  Terms of Service