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Rapid Review financing

John Lloyd

Need Answers?
Call us for more information about obtaining a commercial real estate loan:
T: 619.293.7770
ext. 20

The Loan Company Lending Criteria and Guidelines

 

Loan Range: $150,000 - $3,000,000
Property Focus: Income-producing commercial and residential investment property
Loan Types: Permanent and short-term loans available
Property Type:
  • Commercial & Industrial Office/Retail/Warehouse
  • Mixed Use Retail/Office/
    Residential
  • Light Manufacturing/Industrial
  • Medical Office
  • Automotive Facilities
  • Assisted Living Facilities
  • Food Markets
  • Car Washes
  • Gas Stations
  • Restaurants
  • Motels
  • Daycare Centers
  • Apartments
  • SFR Investment
Loan Terms: 1 - 5 year term with 30-year max. amortization
Loan Fees: Typically 2-3 pts. for 1st TD
Loan-to-Value Max: 65-75%
Debt Service Coverage: 1.10:1minimum coverage accepted
Available Rate Programs:
  • Interest only option
  • Up to 2 years fixed rate
  • Adjustable rate
Index & Spread: 11th District Cost of Funds plus 4-6% range
Prepayment Penalty: Limited to the first 5 years (or can be waived for an upfront fee)
Underwriting Criteria:
  • Occasionally appraisal can be waived
  • Common sense financial information required from borrower
Timing: Close within days of receiving all the requested information