Primarily for income producing value added properties in stable markets. Land and "for sale" housing projects considered on a very selective basis. Provable value, borrower equity and capacity to execute a business plan are critical.
From $1,000,000 and up.
Church Loans
From $500,000 to $5,000,000
Two different portfolio programs. Call for rates and terms.
Conventional Portfolio
Typical institututional underwriting. LTV on multi-family up to 80% in select markets. 70% to 75% in most other markets. 60 to65% on commercial properties. Property types include multi-family, commercial, MHP, Assisted Living. Some hospitality and gas station loans are still available. VERY, VERY select as to which deals will qualify.
Loans from $500,000 and up.
Hospitality
Flagged Hotels and Motels. Must have inside room entry. Terms of 5+5 yrs with 25yr AM
From $500,000 and up. SBA or B&I execution.
No Prepayment Penalty
Fixed rate 3, and 5 year fixed rate programs with no pre-payment penalty. Office, industrial and multi-family. No retail at this time. * Program not available in all markets
Loan Amounts from $1,000,000 to $5,000,000
Speciality
Programs
Program Description
Highlights
Church Bond Program
This is a bond placement program. Excellent rates and maximum proceeds are available.
Construction and Permanent Financing from $1,000,000 and up.
