Construction Commercial Loan Details

Construction Commercial loan details

Property Types:

Office, Retail, Storage, Medical, Light Manufacturing, and Industrial.

Loan Term:

Up to 25 years

Loan Amounts:

$500,000 - $5,000,000

Loan Amortization:

Up to 25 years

Current Rates:

Prime +1% with 6.5% floor

Loan to Value:

Up to 80% LTC

Debt Service Coverage:

1.2:1

Recourse:

Full recourse.

Documentation:

Full documentation.

Assumption:

Assumable.

Prepayment Fee:

10% During Construction, See Commercial Loan for Permanent

 

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