Small Balance Plus™ Commercial Loans

• Office Building
• Multifamily 5 Plus Units
• Bed and Breakfast
• Mobile Home Park
• Retail - Shopping - Out Parcel
• Office Condominiums
• Sales Distribution
• Medical/Dental Office
• Auto Repair
• Health Care
• RV Park
• Warehouse - Distribution
• Self Storage
• Automotive
• Flagged and Non-Flagged Hospitality
• Mixed-Use Commercial/Residential
• Light Industrial
• Professional Centers
• Restaurant
• Convenience Store (No Gas)
• Strip Center
• Funeral Home

$250,000 - $2,000,000

3 -10 year fixed rate terms available

At the end of the fixed term, the loan converts to an adjustable for the remainder of the loan term. Maximum adjustments equal to 2% for the first adjustment, 1% periodic and a 6% lifetime cap.

Call

3% for 3 year fixed term and 5% for 5 year fixed term. No prepay after fixed term ends and loan converts to an adjustable.

Full-Recourse including all individuals with 20% or more ownership in the operating business for borrowing entity.

30 years

1.20-1.30 depending on property type

70% LTV and 80% CLTV

Available

Yes, subject to lender approval

Tax and insurance required

640 minimum credit score

Commercial loans and apartments loans availability under the Small Balance Plus Commercial Mortgage program may vary depending on property type, state, population, economic conditions, exposure, and other variables that may negatively influence risk. Minimum loan size varies depending on asset type and location.

• Two years and year-to-date income and expense statement for the subject property property.
• Personal financial statement.
• Schedule of real estate owned.
• Interior and exterior photos.