Commercial Express Loan Program

Office, Light Industrial, Retail, Self Storage and Mixed Use Loan sizes from $1,000,000 to $5,000,000

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Purpose

Purchase, rate and term refinance, cash out

Eligible Properties

Stabilized office and retail properties, including mixed use office/retail/multifamily

Interest Rates

Adjustable - Based on 6-mo. LIBOR, adjustable semi-annually

or

Fixed - Fixed for 3 or 5 years based on applicable treasury rate, then adjustable based on 6-mo. LIBOR, adjusted semi-annually for balance of term

Term

10 years maximum

Amortization

25 or 30 years

DSCR

1.25 using fully indexed interest rate

Loan-to-value

75% maximum

Prepay

Declining, based on loan balance

Loan Products