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April 11, 2012 |
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Lauderdale Lakes, FL |
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$790,000 RETAIL STRIP/CENTER REFI, 5.49%, 10-YR F... |
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April 11, 2012 |
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Plantation, FL |
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$510,000 RETAIL STRIP/CENTER REFI, 4.99%, 7-YR FI... |
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April 04, 2012 |
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Dania Beach, FL |
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$3,900,000 ALF CASH-OUT REFINANCE, 5.50%, 10-YR F... |
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February 22, 2012 |
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Orlando, FL |
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$300K HEALTHCARE PRACTICE START-UP, 6.00% FIXED, ... |
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Commercial Investment Property Loan
1st Commercial Lending provides Conventional Commercial Investment Property Loans for new acquisitions or refinancing opportunities. Whether you are seeking the lowest rate, highest leverage, short pre-payment penalty, or a long-term fixed rate, 1st Commercial Lending can help.
Program Highlights:
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680 Minimum Credit Score |
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Loan Amounts From $750K - $10 Million |
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Low Fixed Interest Rates |
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Up to 25 Year Amortization's |
Property Types Considered
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Office Building |
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Retail Building |
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Strip Center |
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Light Industrial |
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NNN Credit Tenant |
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Mixed Use |
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Office Condo |
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Warehouse / Distribution |
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Medical Office |
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Other Properties Case-By-Case |
Guidelines:
Use of Proceeds
Real estate - Purchase, Refinance, Cash-Out (up to 50% ltv)
Standard Loan Structure
Terms - 5, 7 & 10 - Years
Amortization's - Up to 25 years
Loan-To-Value - 80% LTV / 90% CLTV
DSCR Requirements - Minimum property DSCR of 1.30x
Recourse- Personal Guarantee Req'd
Geography:
FL - Broward, Dade & Palm Beach Counties
Loan Proposal Issued In 24-48 Hours!
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