Conventional Term Mortgage
Provides the purchase, refinance or renewal financing to meet your commercial real estate needs.
Conventional Term Mortgage Details
| Transaction types |
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| Eligible property types |
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| Locations |
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| Loan amounts | $5 M to $50M+ |
| Maximum LTV | Up to 75% first mortgage/ Up to 85% second mortgage |
| Terms | 1 - 10 Years (other terms may be available) |
| Interest rate | Competitive fixed and floating rates available |
| Recourse | May be required |
| Lender fees | Flexible and structured for each loan |
| Commitment fees | 1% paid on commitment acceptance (refunded upon loan advance) |
| Amortization | Up to 30 years |
| Interest only | Available, as required for each loan |
| Eligible security |
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| Minimum debt service coverage |
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| Reserves/ holdbacks | May be required (deal dependent) |
| Reports | Phase I Environmental Site Assessment (ESA), Building Condition Assessment (BCA), Appraisal (AACI) |
| Other | Early rate lock program available to eliminate interest rate risk in advance of funding |