Commercial Real Estate

Acquisition Loans

An acquisition loan is used to acquire commercial property using the loan proceeds. This can include improved lots to already constructed and operating property.

• Loan size: $500,000 to $500M or more if worldwide
• Amortization: 15 to 30 year schedules
• Variable and fixed interest rates available
• Purchases up to 80% of purchase price
• Loan to value: 75% on most products
• Debt service coverage: apartments (multi-family) from 1.15, commercial - 1.25
• Assumable for most scenarios
• Closing time: 45 to 60 days from the receipt of the complete package and supporting documents
• If purchase includes a business, LTC/LTV could go as high as 85%. Or, 90% with small seller carry back

Acquisition and Development

Loans to both acquire and develop real property to an improved state. Voucher control is set up to disperse loan proceeds with interest only paid on the funds distributed.

• We can typically go to 75% loan to cost or 80% loan to value, whichever is less
• We can typically provide a 2 to 3 year loan term for the construction, a 3 year mini-perm loan to stabilize the project, and permanent financing at the end
• The permanent financing will vary by property type but usually we can provide up to 30 year amortization and 10 year fixed rate financing that is a margin range of 2.00% to 3.50% over the 10-year Treasury

We Service the Following Real Estate Funding Transactions:

Apartments Automotive Service Centers Bridge Loans Bowling Alleys Churches Construction Financing Condo Conversion Condo and Town Home Developments Congregate Care Facility Convenience Stores with or without Gas Day Care Factories Funeral Home Skating Rinks No Flagged Hotels and Full Service Major Flagged Hotels Gentle Men's Club Golf Courses Hard Money Hospitals Industrial Warehouses and Centers Land Loans Manufacturing Plants Marinas Marijuana Processing Facility

Master Planned Communities Medical Office Mezzanine Financing Mixed Use Mobile Home Parks Multi-Family Nursing Homes Office Buildings Parking Structures Permanent Financing Project Financing Residential Development Resorts Restaurants Retail (both anchored and unanchored) Self Storage Facilities Senior Housing Shopping Centers Single Tenant Buildings Transactional Funding Skating Rinks Strip Malls Student Housing Theme Parks and more...