Northeast Florida Better Business Bureau Member (A+ Rating!)
Commercial Loan Programs
Commercial Financing Programs
Presently we offer the following Commercial loans/Commercial financing programs:
Multifamily Loan Programs- Multi Family -New Construction
- Multi Family Acquisition Loans
- Multi Family Substantial Rehab
- Multi Family- Refinance
- HUD Section 202 Refinance
- Skilled Nursing/Assisted Living Facility - New Construction
- Skilled Nursing/Assisted Living Facility - Acquisition
- Skilled Nursing/Assisted Living Facility - Refinance
- Manufactured/Mobile Housing Housing - New Construction
- Manufactured/Mobile Housing - Acquisition
- Manufactured/Mobile Housing - Refinance
Commercial Loan Programs
Multi Family Loan Programs
Multifamily - New Construction Loans
- 90% Loan-to-Cost
- Interest-only construction loan that automatically converts to 40-year permanent financing
- 40 Year Amortization
- 40 Year Term (no balloon)
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
- “Developer’s Fee” of 10% of cost allowed to be used towards equity requirement
- No personal liability (non-recourse)
- Negotiable pre-payment terms
- 1:10 Minimum Debt Service Coverage
- This loan is always assumable
- Third-party expenses and loan costs are financeable.
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Multifamily - Acquisition Loans
- 85% Loan-to-Value
- 35 Year Amortization
- 35 Year Term (no balloon)
- 7.5% Seller promissory note allowed for down payment requirements
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
- No personal liability (non-recourse)
- Negotiable pre-payment terms
- 1:18 Minimum Debt Service Coverage
- This loan is always assumable
- Third-party expenses and loan costs are financeable.
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Multifamily - Refinance Loans
- 85% Loan-to-Value (80% with cash out)
- 35 Year Amortization
- 35 Year Term (no balloon)
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield.
- No personal liability (non-recourse)
- Negotiable pre-payment terms
- 1:18 Minimum Debt Service Coverage
- This loan is always assumable
- Third-party expenses and loan costs are financeable.
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Multi Family- Substantial Rehabilitation Commercial Loans
Offers more favorable terms than traditional two- step construction and permanent financing. With this program, there is only one clos- ing, and one interest rate lock, which is always lower than traditional bank financing. This program utilizes an interest only (interest is capitalized into the mortgage) construction loan that automatically converts to a 40-Year Permanent fixed rate mortgage upon completion of construction.
- 90% Loan-to-Value
- 40 Year amortization
- 40 Year Term (no balloon)
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten Year Treasury yield.
- “Developer’s Fee” of 10% of cost allowed to be used towards equity requirement
- No personal liability (non-recourse)
- Negotiable pre-payment terms
- 1:10 Minimum Debt Service Coverage
- This loan is always assumable
- Third-party expenses and loan costs are financeable.
Healthcare Loan Programs
Skilled Nursing/Assisted Living Facility Loans - New Construction
- 90% Loan-to-Cost
- Interest-only construction loan that automatically converts to 40-year permanent financing
- 40 Year Amortization
- 40 Year Term (no balloon)
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
- No personal liability (non-recourse)
- Negotiable pre-payment terms
- 1:10 Minimum Debt Service Coverage
- This loan is always assumable
- Third-party expenses and loan costs are financeable.
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Skilled Nursing/Assisted Living Facility - Acquisition Loans
- 85% Loan-to-Value
- 35 Year Amortization
- 35 Year Term (no balloon)
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the
- Ten-Year Treasury Yield
- No personal liability (non-recourse)
- Negotiable pre-payment terms
- 1:18 Minimum Debt Service Coverage
- This loan is always assumable
- Third-party expenses and loan costs are financeable.
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Skilled Nursing/Assisted Living Facility - Refinance Loans
- 85% Loan-to-value, no cash out
- 35 Year amortization
- 35 Year Term (no balloon)
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield.No personal liability (non-recourse) Negotiable pre-payment terms1:18 Minimum Debt Service Coverage
- This loan is always assumable
Third-party expenses and loan costs are financeable. Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Mobile Housing Loan Programs
Manufactured/Mobile Housing - New Construction Loans
- 90% Loan-to-Cost
- Interest-only construction loan that automatically converts to 40-year permanent financing
- 40 Year Amortization
- 40 Year Term (no balloon)
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield
- No personal liability (non-recourse)
- Negotiable pre-payment terms
- 1:20 Minimum Debt Service Coverage
- This loan is always assumable
- Third-party expenses and loan costs are financeable.
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Manufactured/Mobile Housing - Acquisition Loans
- 80% Loan-to-Value
- 30 Year amortization
- 10-30 Year Term
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield.
- No personal liability option (non-recourse)
- Negotiable pre-payment terms
- 1:20 Minimum Debt Service Coverage
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Manufactured/Mobile Housing - Refinance
- 80% Loan-to-Value
- 30 Year amortization
- 10-30 Year Term
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten Year Treasury Yield.
- No personal liability option (non-recourse)
- Negotiable pre-payment terms
- 1:20 Minimum Debt Service Coverage
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Substantial Rehabilitation Insured Loan Program
Offers more favorable terms than traditional two- step construction and permanent financing. With this program, there is only one clos- ing, and one interest rate lock, which is always lower than traditional bank financing. This program utilizes an interest only (interest is capitalized into the mortgage) construction loan that automatically converts to a 40-Year Permanent fixed rate mortgage upon completion of construction.
- 90% Loan-to-Value
- 40 Year amortization
- 40 Year Term (no balloon)
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten Year Treasury yield.
- “Developer’s Fee” of 10% of cost allowed to be used towards equity requirement
- No personal liability (non-recourse)
- Negotiable pre-payment terms
- 1:10 Minimum Debt Service Coverage
- This loan is always assumable
- Third-party expenses and loan costs are financeable.
Conduit Lending Programs
- Property types: Office, industrial, retail, flagged hospitality
- 75-80% Loan-to-value
- 20-30 Year Amortization
- 10-30 Year Term
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten Year Treasury Yield.
- No personal liability (non-recourse)
- Negotiable pre-payment terms
- 1:25 Minimum Debt Service Coverage
- This loan is always assumable
- Low, fixed closing costs
Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
HUD Section 202 Refinance
Program Summary:
Recently, HUD issued policy change H 04-21 to the Section 202
Housing Code. This major policy change allows Section 202 communities
to refinance debt at today’s low rates and use the savings to improve facilities and enhance the living experience for residents.
- 90% Loan-to-value, no cash out
- 35 Year amortization
- 35 Year Term (no balloon)
- No maximum loan amount
- Low, fixed interest rate, based on market spreads over the Ten-Year Treasury Yield.
- Negotiable pre-payment terms
- 1:18 Minimum Debt Service Coverage
- Third-party expenses and loan costs are financeable.
Net Operating Income and valuation may utilize Section 8 Contract rents Rates and Terms determined by LTV, credit, property type and other conditions. This is limited information and meant for general reference purposes.
Our unique and unusual level of experience in the real estate industry sets us apart from other lenders, and allows us to offer more comprehensive real estate consultation services to our borrower clients.
