Commercial Real Estate Financing

Commercial Real Estate Financing

Use of Loan Proceeds: Existing Business, Owner Occupied; no investors

General purpose commercial real estate

No ground leases.

Single loan closing on construction.

Loan Amounts: $250,000 to $2,000,000

Special programs to $2,500,000 Cash/Equity Injection: 10% of Total Project Costs. 15% for restaurants.

Total Project Costs can include moving expense, equipment, furniture, working capital, refinance of business debt, etc

Loan Terms: Term up to 25 years. Fully amortized (no balloon).

Interest Rates: Dependent upon strength of business. Rates from P+1.25% - 2.5% variable

Repayment Ability: Based on historic cash flow of the business.

Minimum Debt Service Coverage= 1.15x for last yr + interim. For restaurants, chiropractors: DSC=1.35x for last yr+interim Expansion loans for medical practices with increasing trends.

Collateral: LTV can be over 100%

Personal Guaranty: SBA requires from all 20% or more owners.

Our underwriters are professionally trained to keep the interest of the professional a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund loans anywhere in the country! So please call one of our underwriters today at 317-348-0732