Commercial Real Estate Financing
Use of Loan Proceeds: Existing Business, Owner Occupied; no investors
General purpose commercial real estate
No ground leases.
Single loan closing on construction.
Loan Amounts: $250,000 to $2,000,000
Special programs to $2,500,000 Cash/Equity Injection: 10% of Total Project Costs. 15% for restaurants.
Total Project Costs can include moving expense, equipment, furniture, working capital, refinance of business debt, etc
Loan Terms: Term up to 25 years. Fully amortized (no balloon).
Interest Rates: Dependent upon strength of business. Rates from P+1.25% - 2.5% variable
Repayment Ability: Based on historic cash flow of the business.
Minimum Debt Service Coverage= 1.15x for last yr + interim. For restaurants, chiropractors: DSC=1.35x for last yr+interim Expansion loans for medical practices with increasing trends.
Collateral: LTV can be over 100%
Personal Guaranty: SBA requires from all 20% or more owners.
Our underwriters are professionally trained to keep the interest of the professional a priority. They are experienced in working with borrowers of all sizes. Thus, they can fund loans anywhere in the country! So please call one of our underwriters today at 317-348-0732
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