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income property > single tenant
properties AND owner user properties
Single Tenant Properties and Owner User
Properties
Permanent mortgage financing for the acquisition or refinance of real
property that is, or will be:
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50%--100% owner occupied, including any related entities
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75%--100% occupied by a single tenant
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Located in Arizona, California or Nevada
Preferred Properties Types:
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Industrial (distribution, warehouse, manufacturing, R&D and truck
terminals)
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Medical (groups of five doctors or more)
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Retail
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Office
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Grocery stores
Terms and Rates:
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Loan amounts range between $1,000,000 and $20,000,000
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5,
7 and 10 year terms, with up to 25 year amortization
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15
and 20 year fully amortizing loans
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Rates may be fixed at application or at time of funding
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Variable rate programs available for Owner Occupied Loans
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Rate locks available at no cost for 90 days
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Forward commitments for up to 12 months
Underwriting Standards:
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75%
loan/value or 90% of cost (whichever is less)
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1.15x DSC on credit tenant loans, 1.10x DSC on Owner Occupied Loans
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Leases must meet or exceed loan term with a minimum remaining term of
5 years
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MAI
and Phase 1 Environmental Audit required
Other Products:
Please contact an
Account Executive
Rate and
terms subject to change without notice
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