Owner
Occupied
Eligible Property Types
Defined as any Property where an Owner or Guarantor or goup thereof occupy at least 25% with some proprams to 50% with others or more of the net leaseable area of the property.
Retail,
Office, Commercial Office Condos, Mixed Use, Retail Strip, Warehouse, LT. Industrial
| Loan
Types |
Capital Markets, Conduit and SBA |
| |
|
| |
The Property Occupancy does Not
have to be Totally Leased (but debt service will apply
to those leases in place) |
| |
|
| Key Criteria |
Owner Occupied of at LEAST 25%
of More of the Total Space |
| |
|
| Loan Size |
$200,000 to 5 Million |
| |
|
| Location |
Nationwide in Major Markets |
| |
|
| Term |
6 Mos ARM, 3 Year Hybrid, 5 Year
Hybrid, 10 Year Hybrid, 15 Year, 20 Year |
| |
|
| Amortization |
Up to 30 Years with Loan to Value
70% and Below, above 70% LTV; 25 Year Amortization. All
products Balloon at 15 Years |
| |
|
| Recourse |
Mostly but Limitied Recourse Available |
| |
|
| Loan to Value |
Up to 75% with Debt Service =1.25 |
| |
|
| Closing |
Typically 45 days from executed
Application |
| |
|
See Specific Compatible Programs
