Property types: Apartment complexes, Self-storage facilities, Shopping centers, Mobile home parks
Loan Proceeds: Acquisition, Refinance, Cash-out
Recourse / Personal Guarantees: None
Size: Greater than $1,000,000.00
Fast Close: 45-60 days
Debt Service Coverage: 1.25%
LTV: 75% - 80%
Term: 25 - 30 years
Interest: Fixed Rate @ 6.0 - 7.5%
The appearance is not a factor for approval. However, the property MUST be cash flowing. Local and regional banks can NOT match these terms.
Non-Recourse Commercial Financing
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