Commercial and industrial property loans are priced based on the merits of the borrower's financials, the property's income and expense, and of course appraisal valuation. Unlike many commercial and industrial lenders who are limited to one loan program, we have a wide variety of loan products to meet the needs of almost every property type for both owner-user as well as tenant-occupied properties.
Loan fees are generally 1 to 1.5 points plus normal closing costs. Transaction Screen or a Phase I environmental report is usually required for commercial and industrial properties but generally not required for multi-family loans. Please call (800) 877-7347 or email: jimwalter@mortgageplanloans.com
Current interest rates are from 5.95%
|
Property Types
|
Amortization/
Term
|
Fixed Rate
For:
|
Debt Service
Coverage Ratio
|
Maximum
Loan-to-Value
|
$500,000 to $20,000,000
Office Buildings
Office Condos
Single-Tenant Retail
Multi-Tenant Retail
Light Industrial
Light Assembly
Warehouse
Mixed-Use-Apt/Comm.
|
15 to 30 years
|
3 to 10 years
|
1.20 to 1.25
|
65 to 70%
(Up to 90% for
Owner-User
Properties)
|
|
Global Cash Flow
Solutions for Owner-User
Properties
|
25 to 30 years
|
3 to 10 years
|
1.10 to 1.30 Global
Cash Flow Analysis
|
65 to 80%
|
Click Here to apply for a commercial real estate loan
Commercial and industrial property loans are priced based on the merits of the borrower's financials, the property's income and expense, and of course appraisal valuation. Unlike many commercial and industrial lenders who are limited to one loan program, we have a wide variety of loan products to meet the needs of almost every property type for both owner-user as well as tenant-occupied properties.
Loan fees are generally 1 to 1.5 points plus normal closing costs. Transaction Screen or a Phase I environmental report is usually required for commercial and industrial properties but generally not required for multi-family loans. Please call (800) 877-7347 or email: jimwalter@mortgageplanloans.com
Current interest rates are from 5.95%
|
Property Types
|
Amortization/
Term
|
Fixed Rate
For:
|
Debt Service
Coverage Ratio
|
Maximum
Loan-to-Value
|
$500,000 to $20,000,000
Office Buildings
Office Condos
Single-Tenant Retail
Multi-Tenant Retail
Light Industrial
Light Assembly
Warehouse
Mixed-Use-Apt/Comm.
|
15 to 30 years
|
3 to 10 years
|
1.20 to 1.25
|
65 to 70%
(Up to 90% for
Owner-User
Properties)
|
|
Global Cash Flow
Solutions for Owner-User
Properties
|
25 to 30 years
|
3 to 10 years
|
1.10 to 1.30 Global
Cash Flow Analysis
|
65 to 80%
|
Click Here to apply for a commercial real estate loan