Special Purpose Loans
Commercial Loan Guidelines
Designed for Hotels, Motels, Gas Stations, Auto Repair, Convenience Stores, Restaurants, Daycare Centers, Assisted-Living Facilities, Dry Cleaners, Funeral Homes.
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| LOAN SIZES: | $500,000 - $8 Million
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| TERMS: | Adjustable, 2, 5, 10, 20, 25 years
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| MARGINS: | 75 - 600
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| AMORTIZATION: | 15 - 25 years.
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| MIN DSCR: | 1.05 aquisition/ 1.25 refinance
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| LOAN-TO-VALUE: | 85%
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| RECOURSE: | Yes
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| PREPAYMENT: | Declining fixed
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| REPORTS: | Phase 1 - Environmental Survey
MAI - Appraisal
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| CLOSING: | 50 days
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* The above data is for informational purposes only and is subject to change.
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