Commercial LOAN RATES AND TYPES
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Bridge / Construction Loan
Financing Eligibility:
Temporary Funding for Construction, Rehab, Tear-down, or Major Capital Improvements with Rollover Terms at Stabilization Loan Amount: $1,000,000 to $200,000,000+.* Term: 3 / 5 / 7 / 10 / 15 / 20 / 25 years* Amortization: Up to 30 years* Interest Rate: Fixed or Variable, each based either on Treasury bill indexes or prime lending rate spread, respectively Collateral/Loan to Value: Secured lien via 1st Mortgage / Deed of Trust on CRE. Max 80% on investment / Max 85% on owner-occupied. Up to 90% on SBA Repayment: Equal monthly payments based upon the term sheet. Principal and interest or interest-only options available. Prepayment Penalties are on a case-by-case basis. *Subject to review and change |
Purchase Loan / Refinance (Cash Out Option)
Financing Eligibility:
Better Rates & Terms (Cash-Out Option for Renovation, Expansion, Acquisition of CRE, or Debt Consolidation of CRE) Loan Amount: $1,000,000 to $200,000,000+.* Term: 3 / 5 / 7 / 10 / 15 / 20 / 25 years* Amortization: Up to 30 years* Interest Rate: Fixed or Variable, each based either on Treasury bill indexes or prime lending rate spread, respectively Collateral/Loan to Value: Secured lien via 1st Mortgage / Deed of Trust on CRE. Max 80% on investment / Max 85% on owner-occupied. Up to 90% on SBA Repayment: Equal monthly payments based upon the term sheet. Principal and interest or interest-only options available. Prepayment Penalties are base by case basis. *Subject to review and change |
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We lend in 48 states
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Why Do Small Balance Commercial Lenders Require a Rent Roll?
First off, what is a rent roll? Basically, a rent roll is a document that summarizes your tenants’ lease information on a single form. The rent roll provides a lender with a snapshot of the tenants, a quick overview of basic lease information, and the expected income generated from the tenants. While most rent rolls for small-balance commercial properties are simple, a good rent roll provides a lender with a ton of relevant information on which to begin the underwriting process. Note that most lenders will require that the borrower certify the information in the rent roll form is true and correct as of a specific date.
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Rent Roll Analysis: A rent roll really tells the story of the property at a certain point in time. For example, a rent roll provides the lender with the data required to determine the actual vacancy rate of a property. The vacancy rate is simply the percentage of units or space that is not occupied by a tenant. It also reveals other information that is critical to underwriting a proposed loan.