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Retail Shopping Center Financing
Loan Program Features 1 Million and up with no Maximum
Loan Term Fixed Rates for 5,7,10 years
Ammortization 15 - 30 years
Loan-to-Value up to 90% ( with MEZZ CAP )
Debt Service Ratio 1.25 or more
Closing Time 30 - 60 Days
Rate Lock Period 60 Days
Reserves .10 psf
TI / LC .70 psf
Vacancy 7%
Management 4%
Prepayment Options Defeasance-Yield Maintenance
Recourse NO -All loans are non-recourse with the exception of required carve outs
Application Fee None
Initial 3rd Party Fees $15,000 to $25,000
RETAIL PROPERTY LOAN APPLICATION
Conduit Crusher™
- $500,000 to $10 Million
- A or B Grade Property
- No Legal opinion
- No 10 Yr Balloon
- No Stress or Fitch Constraints
- Low 3rd Party Fees
- No Impound Replacement Reserves
- No Defeasance
- No Yeild Maintenance
- Rates YES...from 160 to 190 BPS over respective US Treasury : example 10 yr 4.49%+169= 6.18%
Call 866-372-FLAT
Today for a list of documents required for Retail Business, Shopping Center or Strip Center Commercial Loan Submission
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