Long-Term Permanent Loans
RESIDENTIAL, MULTIFAMILY, COMMERCIAL & INVESTMENT PROPERTY LENDING
Long-Term Permanent Loans
Multifamily and Commercial Permanent Loans provide competitive rates for stabilized buildings and borrowers in need of permanent longer-term financing.
Long-term permanent loans typically have a maturity period of 5 to 30 years. In real estate projects, permanent financing is obtained after completion of construction, rehab, or the property has been leased-up to a point where net operating income supports standard bank debt service requirements. Permanent loans offer lower rates with longer terms, but do required properties to be stabilized, with good credit borrowers. Permanent loans are used to pay-off short-term bridge loans.
Program Details
- PROPERTY TYPES: Multifamily, Manufactured Home Communities, Office, Retail, Industrial, R&D Flex, Self- Storage, Hotel/Motels & More.
- LOAN SIZE: 100k -100,000,000+
- FIXED TERM: 5- 30 Years (Common Loan Programs / Customizable)
- AMORTIZATION: 15, 25, 30 & Interest Only
- MAX LOAN TO VALUE: Multifamily 5+ Units 75% to 80% | Commercial 70% to 75%
- DEBT COVERAGE SERVICE RATIO: 1.2X
- CLOSING TIME FRAME: 45- 60 days
