Underwriting Criteria
Loan Size | $500,000 – $3,000,000 |
Prohibited Property Types | Hospitals, ALF’s, Nursing Homes, Health Care, Hotels, Motels |
Casinos, Golf Courses, Schools, Unimproved Land, | |
Recreational Facilities, Movie Theaters, Parking Garages | |
Location | All 50 states plus Washington D.C. |
Terms | Balloon: 5-15 years |
Amortization: Maximum 25 years | |
Debt Service Coverage | Minimum 1.25x for Office, Industrial and Retail |
Minimum 1.2x for Multi-Family | |
Prepayment | All loans Treasury make whole call protected |
Loan-To-Value | Less than or equal to 75% |