Our Commitment
Lending Parameters
Lending Officers
Noteworthy Financings
Commercial
real estate
lending brochure
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Lending Parameters
Our basic lending parameters are described briefly below. Please click on Financing Inquiries or contact one of our staff for an in-depth discussion of your financing needs. |
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| PRODUCT | Floating rate bridge financing for assets in transition, and for new ground-up construction. | |
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| LOAN SIZE | $2 -6 million; possibly higher on a case-by-case basis. | |
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| TERM | 12 - 36 month initial term; extensions available. | |
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| PROPERTY TYPES | All types of property, including apartment, office, retail, industrial, mixed-use and condominium development projects. | |
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| LOAN TYPES |
Construction, acquisition, refinancing and mini-perms. | |
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| MARKETS | Target markets include Illinois, New York, California, and Washington, D.C. Other major metro areas and secondary markets will be considered based on sponsorship. | |
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| UNDERWRITING |
Loan-to-Cost, Loan-to-Value and Debt Service Coverage negotiable on a case-by-case basis. | |
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| INTEREST RATES |
Floating over prime; typically subject to a floor. | |
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| FEES |
1-2% for initial term; extension fees subject to negotiation. | |
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| CLOSING |
Typically
60 days after receipt of information. |
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