This program offers high leverage to owner/users of most property
types. Loan amounts to 85%-90% of appraised value may be available
providing that the user’s business cash flows are sufficient to service
the debt. This financing also applies to multi-tenant properties where
the owner occupies a minimum of 50% of the total square footage.
Highlights of this
program are a 25 year term with 25 year amortization, with both fixed
and variable rates available. Maximum loan dollars are best achieved
using the variable rate financing. The financing may or may not have a
government guarantee, depending on the strength of the applicants
business. Loans are recourse. Prepayment penalties are usual through
the fixed rate portion of the loan.
To
determine eligibility, three years of Federal tax returns are required
for both the business and the owner, as well as a detailed outline of
the financing currently in place.
Financial Advantage has extensive resources to structure your financing
requirements. The best method is to contact an
Account Executive for details.
