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 | Chicago, IL
312.263.6410 |
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 - ICA fully underwrites each loan and performs detailed due diligence
- Maximum LTV 75% - ICA loans the lesser of internally determined or appraised value
- Minimum Debt Service Coverage of 1.25x on office, retail and industrial properties, 1.2x on multi-family
- Appraisal by a 3rd party state certified MAI appraiser
- Terms quoted and application signed by borrower
- Mortgage banker prepares full loan submission for approval once it is signed by the borrower
- Upon commitment & acceptance – lenders’ counsel engaged for closing
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