Loan for Retail Properties

Large indoor malls, Strip malls/retail centers, Outdoor/Street retail centers, Single tenant retail property, multiple tenant retail properties, and Owner occupied retail properties.

Construction Loans

• Up to 85% Loan to Cost
• 12-48 Month Terms
• Interest Only Loans
  

Permanent Loans

• Recourse & Non-Recourse Loans
  
• Up to 80% Loan to Value
  
• 25-30 Year Amortizations
• Property must be stabilized (Leased or Owner Occupied)
• Property must have at least a 1.25 DSCR
  

Bridge Loans

• Interest Only Loans
  
• Up to 24 Month Terms
  
• Possible Deferred Interest Payments
  
• Up to 70% Loan to Value
  

Needed Initial Documentation:

Construction Loans

1. Executive Summary of Project.
   
2. Pictures of Site/Renderings of Project.
   
3. Proforma
   
4. Budget
5. Location
   
6. Sources & Uses (need to know CASH in project (not equity)).
   
7. Appraisal & Environmental Reports
   
8. PFS & Resume of borrower(s)
   

Permanent Financing:

1. Description of Project
   
2. Operating Statements for past 2 years and current YTD
   
3. Current Rent Roll
   
4. PFS & Resume of borrower(s) (not immediately, but will ask for)

Deal Overview Form