Traditional Commercial Mortgage Parameters

 

Property Types: Apartments, office buildings, land only, marina, mobile home park and Industrial centers, shopping malls and storage facilities.
Transaction Types: Acquisition, debt, and construction.
Loan Size: $500,000 minimum with no limit.
Rate-Fixed. ARM tied to prime, libor, T-Bill.
Terms: 2-5,15-20, 30 years.

 

Documentation Required
• 3 Y/E financial statements.
• Latest interim financials.
• 3 Years tax returns.
• Appraisal, letter of value, comps.
• Bank references.
• Trade references.
• Personal financial statement.
• Information on the use of proceeds.
• Names of lenders being paid off; debt schedule.
• Construction-hard and soft cost breakdown.
 

     

Contact Us to discuss your proposal in depth.