We will
fund on most types of properties. Below are just some of the property
types we consider.
Multi-Family Properties
A
commercial multi-family property consists of 5 or more attached
residential homes, such as an apartment complex. Typically multi-family
properties are financed at 80% LTV, however, we do have lenders
that will go as high as 90%. Minimum loan size is $250,000 with
no maximum loan size. Some programs available are stated income,
interest only and 30 year terms available.
Mixed-Use Properties
A
property is considered mixed-use if it contains a combination
of residential and commercial purposes. Typically the use for
commercial purpose is retail. Most typical financing is only available
on these types of properties as long as the residential part of
the building is no less than 50% of the total square footage.
Office
Buildings
We
finance both single-tenant and multi-tenant office buildings.
However, whether or not an office building relies on just one
key tenant or several tenants plays a role in the financing terms
offered. If a building relies on a single tenant for its profitability,
it will be important to determine the financial strength of that
single tenant in order to determine the financing options available.
Retail
We
handle all types of retail properties, such as an Anchor Tenant
- i.e. a strip mall that is attached to a large, well-known grocery
store; Single-Tenant- i.e. a large building that only houses a
discount department store or stand-alone building used for retail
sale purposes and Multi-Tenant - i.e. a strip mall that has several
tenants, none of which rents significantly more retail space than
another.
Other
Property Types:
Self-storage,
Warehouse/Lt Industrial, Mobile Home Park, Hotel/Motel/Hospitality/Bed
and Breakfast, Churches, Restaurant, Automotive, Commercial Building
Lots, Raw land, Improved land, Senior Housing, Medical and Healthcare
Facilities, Daycare Facilities, Leisure - such as golf courses,
marinas, theme parks, motels, hotels, flagged motels, flagged
hotels, casinos, RV Parks, Historical Buildings, Ranches and farms
- income producing, Special Use Properties, etc.
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