We offer mortgages for stabilized commercial properties through the programs outlined below.
Eligible property types include office buildings, retail properties, shopping centers, office & retail condominiums, hotels, restaurants, gas stations, single tenant properties, light industrial/warehouse properties, self-storage facilities, and owner-use properties.
We originate commercial mortgages in California under six programs:
Commercial Premier Program
This program offers low fixed-rate pricing and loan terms up to 10 years for most commercial property types. Personal guarantees are not required and amortization periods of up to 30 years are available.
Premier Life Program
This program offers the longest-term fixed rates and flexible underwriting for various commercial property types.
Commercial FLEX Program
This program offers fixed-rate periods of up to 5 years and features flexible underwriting and competitive leverage.
Commercial Syndication
This program offers competitive leverage and fixed rate periods of up to 10 years, with light or no prepayment penalties.
Small Balance Premier Program
This program offers 5-year fixed rates and is available for various commercial property types up to $5 million. Personal guarantees are not required and amortization periods of up to 30 years are available.
**NEW** Small Business/Owner Occupied Program
This program offers long-term fixed-rate financing for owner-occupied or business properties, and features leverage of up to 90% LTV. Fixed rate periods of up to 10 years are available and all loans are fully-amortizing.
Rate Table
| Comercial Premier | Small Balance Premier | Commercial Premier Life | Commercial FLEX | |
| 10-Yr: 4.50% to 6.50% | 5-Yr: 6.00% to 6.50% | Call For Pricing | Call For Pricing | |
| Current Rates | Please call for 5 or 7 year pricing | |||
| Loan Size | $2M - 200M | $1M - 5M | $2M - 200M | $1M - 10M |
| Property Type | Office, retail, industrial, warehouse, single tenant, self storage, Multifamily |
- Multifamily (1.25x) - Credit Single Tenants (1.15x) - Self Storage (1.30x) |
Office, retail, light Industrial, self storage | Apts(5+), mixed use, mobile home parks, office, retail, industrial, warehouse, single tenant, self storage, gas stations |
| Maximum LTV | 75% | 70-75% | 75% | 75% (Up to 85% CLTV for Apts) |
| Lender Points | 1% | 1% | 1% | None |
| Prepayment Penalty | Defeasance, YM or Stepdown | Stepdown (3-2-1-0-0) | YM | Stepdown |
| Credit Score | 660+ | 650+ | 660+ | 660+ |
| Recourse | Non-Recourse | Non-Recourse |
Full Recourse (<$5M) Non Recourse (>$5M) |
Full-Resource |
| Assumability | Allowed, 1% | Allowed, 1% | None | Allowed, 1% |
| Lender Cost | $15,000 - $50,000 | $17,500 - $20,000 | $15,000, 2% upon approval | $4,500 - $15,000 |
| Time Frame | 40 - 60 days | 45 - 60 days | 40 - 45 days | 30 - 45 days |
Call (657) 333-2318 or use the form on the right to contact us.
Last Updated on Tuesday, 29 November 2011 06:09