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  Commercial Loans up to $15 Million    
 

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:

  • Office
  • Professional Office
  • Medical Office
  • Office/Warehouse
  • Light Industrial
  • Warehouse
  • Distribution Center
  • Single-Tenant Retail
  • Retail Strip Center
  • Anchored Retail
  • Unanchored Retail

Summary: (OO100, Flex 200)

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 $5MM

LTV (max):

60%

CLTV (max):

85% to 90%

Amortization / Term:

25/1, 25/3, 25/5

Minimum FICO:

680

Minimum DSCR:

1.20x

Non-Eligible:

Ground Lease, Gas station

Cash-out:

Ok (subject to review)

Collateral:

Real Property

 

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Daily FHLB 3/5/10
Prime Rate 3.25%
90-day LIBOR .25%
6-Month LIBOR .38%
5-Year FHLB 3.07%
7-Year FHLB 3.85%
Weekly SWAP 3/5/10
5-Year SWAP 2.68%
7-Year SWAP 3.27%
10-Year SWAP 3.78%
Daily SWAP 3/5/10
2-Year SWAP 1.06%
5-Year SWAP 2.16%
10-Year SWAP 3.14%
Other Rates 3/5/10
SBA 504
Debenture Rate
5.55%
NMTC
25-Yr Fixed
7.1%
 
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