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Loan Amounts: |
$500,000 -
$3,000,000 |
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Qualifications: |
Existing,
stabilized, income-producing properties in primary and some secondary real
estate markets.
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Property Types: |
Multi-Family
Office
Retail (anchored and
unanchored)
Industrial
Self Storage
No assisted living, healthcare
or hotel properties.
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Term: |
10-year term
only (no exceptions).
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Index: |
10-Year U.S. Treasury.
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Spread: |
Call for
pricing. |
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Amortization: |
Up to 30-Years
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Loan-to-Value: |
Multi-family
Office
Anchored Retail
Unanchored Retail…
Industrial
Self Storage
|
up to 80%
up to 75%
up to 80%
up to 75%
up to 75%
up to 70% |
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Minimum DSCR: |
Multi-family
Office
Anchored Retail
Unanchored Retail
Industrial
Self Storage
|
1.20x
1.25x
1.25x
1.30x
1.25x
1.30x
|
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Typical
Closing: |
45 – 60 days
from receipt of executed application and Good Faith Deposit. |
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Recourse: |
Non-recourse
except for standard carve-outs for "bad boy" acts and
environmental.
Loans under
$1 million and owner-occupied transactions are full (100%) recourse. |
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Origination Fee: |
Call for pricing
|
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Assignment / Assumption: |
One-time option
only with BSC's consent and payment of 1.00% fee (based on outstanding
principal loan balance) and BSC’s transaction costs.
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Suite 402