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Special Use Property Types
Loan Program Features 1 Million and up with no Maximum
Loan Term Fixed Rates for 5,7,10 years
Ammortization 15 - 25 years
Loan-to-Value up to 80% ( with MEZZ CAP )
Debt Service Ratio 1.35 or more
Closing Time 30 - 60 Days
Rate Lock Period 60 Days
Reserves .10 - 2.75 psf
TI / LC Vary Depending on Property
Vacancy 5% - 10%
Prepayment Options Defeasance-Yield Maintenance
Recourse Yes, but non-recourse loans may be available (with the exception of required carve outs)
Application Fee $995
Initial 3rd Party Fees $15,000 to $25,000
Property Types Apartment, Assisted Living Facilities, Automotive Centers, Car Dealerships,Commercial Construction, Condo-Hotel, Congregate Care, Credit Tennant, Daycare Facility,Healthcare Facility, Hotel-Motel, Industrial, Medical Office/Condo, Mixed Use, Mobile Home Parks, NNN Tennant Loan, Nursing Facility, Office Building, Owner Occupied, Retail Center, Self Storage/Mini Storage, Senior Housing, Shopping Center, Single Tennant, Special Use, Strip Center, Student Housing and Warehouse Loans.
Call 866-372-FLAT
Today for a list of documents required for Special Use ( Car Wash, Bed & Breakfast, Auto Dealers etc. ) Commercial Loan Submission
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