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Conventional Loan Program
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Conventional commercial real estate mortgage loans are available for most types of commercial properties and have the following features:
Property Types:
- Retail
- Office
- Industrial/Light Manufacturing
- Multi-Family
- Mobile Home Parks
- Self-Storage
- Motel
- Restaurant
- Gas Station
- C-Store
- Day Care
- Assisted Living
- All other owner-occupied commercial or income producing properties considered
Loan to Value:
80% LTV for Multi-Family, 75% for other property types
Loan Amounts:
$500,000 to $10,000,000
Loan Term:
25 to 30 year term, usually fully amortized
Interest Rate Information
Interest rate will be determined based on complete underwriting. Numerous options are available, including:
- 5 year fixed, then resets every 5 years
- 10 year fixed, then resets
- full term fixed
- adjustable
Contact us for estimated pricing based on that day's index.
Prepayment Penalty
Yes. All programs have some prepayment penalty.
We will work to determine which fits the borrower's timeframe and goals.
Refinancing
Both "cash-out" and "rate & term" refinancing is permitted.
Secondary Financing
Permitted in some circumstances. 90% Combined LTV (CLTV) is generally the maximum.
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