Commercial Lending
First Mortgages
Loan to Value Ratio Up to 75%
(up to 100% in certain cases)
Interest Rate 6.00% – 12%
Term 1 – 3 years; 5-25 years
Amortization – Interest Only
Recourse & Non-recourse
Lender Fee 3 – 5 Points
Exit Fee – None
Extensions – Yes
Extension Fee: 1/2 – 1 Point
Borrowing Entity: Special Purpose Entity
Construction Lending Program
Loan sizes range from $500,000 to $350 million.
Term ranges from 12 to 24 months.
Interest rates: spread over Wall Street Journal Prime Rate.
Guaranty is full recourse for project completion and loan repayment.
Subordinate mortgages may be permitted subject to secondary market loan guidelines and completion of lender due diligence and underwriting.
Prior to closing, a suitable permanent loan commitment must be in place.
Gap funding permitted subject to due diligence and underwriting.
Typical due diligence fees apply which cover the costs of third party reports (appraisal, market feasibility if rental achievement is a requirement of permanent loan commitment, phase I environmental and plan & cost review) and other lender due diligence costs. The borrower is responsible for legal fees and customary closing costs.
Conventional Lending Program
Loan sizes range from $1 to $500 million.
Term ranges from 24 to 25 years
Loan to value from 70-85%.
Interest rates: spread over Wall Street Journal Prime Rate.
Guaranty is full recourse for project completion and loan repayment.
Subordinate mortgages may be permitted subject to secondary market loan guidelines and completion of lender due diligence and underwriting.
Prior to closing, a suitable permanent loan commitment must be in place.
Typical due diligence fees apply which cover the costs of third party reports such as the appraisal, phase I environmental, plan & cost review, and other lender due diligence costs. The borrower is responsible for legal fees and customary closing costs.
Call us for current rates
Non Recouse Loans
Non-Recourse Commercial
$1 to $50+ Million
Rates from 3.75%
Terms Up to 30 years
Max LTV 85%
Nationwide Urban and Suburban
Income-producing commercial properties without differed maintenance
A third party expense deposit is required.
Acceptable Property Types: Hospitality, NNN, Warehouse, Retail, Office, Self-Storage, Assisted Living, Student Housing, and Mobile Home Parks.
9167438669 call now!
Apply now at newloans@americapdirect.net