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Call us for more information about obtaining a commercial real estate loan:
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ext. 20

The Loan Company Lending Criteria and Guidelines

Loan Range:	$250,000 - $3,000,000
Property Focus:	Income-producing commercial property
Loan Types:	Permanent and short-term Loans available
Property Type:	Commercial & Industrial Office/Retail/Warehouse Mixed Use Retail/Office/Residential Light Manufacturing/Industrial Medical Office Automotive Facilities Assisted Living Facilities Food Markets	Car Washes Gas Stations Restaurants Motels Daycare Centers Apartments
Loan Terms:	3 - 5 year term with 30-year max. amortization
Loan Fees:	Typically 2-3 pts. for 1st TD
Loan-to-Value Max:	75%
Debt Service Coverage:	1.10:1 coverage accepted
Available Rate Programs:	Interest only option Up to 2 years fixed rate Adjustable
Index & Spread:	11th District Cost of Funds plus 4-6% range
Prepayment Penalty:	Limited to the first 5 years
Underwriting Criteria:	Occasionally appraisal can be waived Common sense financial information required on borrower
Timing:	Close within days of receiving all the requested information