Nested Asset Commercial Financing Program

 

Balance sheet oriented program based on certified assets that can be used as LTV requirement.

 

Types

Buildings, residences, stocks, judgments, insurance, antiques, jewelry, land

Assets must be free and clear of all encumbrances, insurance wrap required

 

Hospitality, multi-family, medical, retail, industrial

 

Applies to purchases and construction

Subordinate financing permitted

 

Purchase LTV 80%

Construction LTC 80%

 

Rates

Purchases mimimum 4% fixed rate-depends upon asset type and value

Amortization: 10/15/20/25/30

DSCR  1.45

CAP RATE  6-12%

 

TERMS 1-20 YRS.

 

MINIMUM LOAN AMOUNT  $5,000,000

NO UPPER LIMITS

 

Construction- interest only, 1-3 yrs with 6 months extentions

 

Non-recourse loan

No prepayment penalties

 

Documentation

Submission registration form

Uniform Commercial Loan Application 

Tri-merge credit report

Last 3 yrs corporate and personal tax returns

Personal Financial Statement

Proof of insurance wrap