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Owner Occupied Multi-use (Full Doc)
Owner occupies > 51% for their business use. A multi-use property is a commercial building that may easily be used by a wide variety of tenants.
Typical Properties:
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Summary:
Product Type: |
Owner Occupied Multi-use (Full Doc) |
Property Type: |
Industrial, Office, Medical Office, R&D, Flex Office, Anchored Retail, Distribution, Single-Tenant Retail |
Loan Amount (min/max): |
$250,000 to $15MM |
LTV (max): |
75% to 80% |
CLTV (max): |
85% to 90% |
Amortization / Term: |
30/10, 25 years |
Minimum FICO: |
650 |
Minimum DSCR: |
1.00x to 1.30x |
Non-Eligible: |
Ground Lease |
Cash-out: |
Ok (subject to review) |
Collateral: |
Real Property |
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