Commercial Programs under $1,000,000

 

                     Eligible Property Types...............Office Retail, Industrial,

                     Minimum Loan Amount.­...............$100,000

         Maximum Loan Amount.­..............$1,000,000

         Recourse.....................................All loans personally guaranteed

         Interest Rate Type.....................15-year fully amortizing, 10, 15, 20, 25-year-5 year fixed rate adjustables

                     Loan Terms....................­.............up to 25-years

                     Amortization...............................up to 25-year

                     Debt Service Coverage...............1.25x

Loan-To Value...............­..............Acquisition:  Lesser of 80% purchase price or 80% of appraised value….Refinance 80% appraised value

Preliminary Information needed:                                            

1.    Detailed operating statements for the past three calendar years

2.    Year-to-date operation statements

                   3.   Current Rent Roll, if investor

4.      Personal Financial Statement

5.      Personal Tax Returns for three years

             6.   If available:  recent appraisal, engineering or                  
       environmental reports, site plans, pictures or any   
       additional information on the property. 

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