Financing is available in all "50" states.
Fixed rate terms available, 30 years fully amortized.
A, B, C, D credit available.
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CONSTRUCTION TO PERMANENT COMMERCIAL MORTGAGE PROGRAM: |
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LOAN AMOUNTS: $3,000,000 TO $250,000,000 |
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TERM: 12 TO 24 MONTHS CONSTRUCTION THEN ROLLS INTO 10 YEAR PERM WITH 20 OR 25 YEAR AMORTIZATION PERIOD |
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RATE: DURING CONSTRUCTION FLOATS AT APPROXIMATELY 300 OVER 1 OR 3 MONTH LIBOR THEN AT TIME PERMANENT SPREAD IS APPROXIMATELY 225 BASIS POINTS ABOVE 10 YEAR TREASURY SWAP RATES, AT CURRENT TIME RATE WOULD BE APPROXIMATELY 8.25% |
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PREFERRED PROPERTY TYPES: INDUSTRIAL, OFFICE, WAREHOUSES AND OTHER BUILD TO SUIT PROPERTIES THROUGHOUT THE USA. |
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AMOUNT FINANCED: UP TO 90% OF COST UP TO MAXIMUM OF 75% LOAN TO VALUE |
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PERMANENT RATE CAN BE LOCKED FOR ADDITIONAL FEES AT TIME OF APPLICATION. COSTS TO LOCK RATES RANGE FROM 70 BASIS POINTS UP TO 210 BASIS POINTS DEPENDING UPON LENGTH OF CONSTRUCTION PERIOD. RATES CAN ONLY BE LOCKED FOR MAXIMUM OF 15 MONTHS. IF YOU DON’T LOCK RATES THEN THE SPREAD OF APPROXIMATELY 225 OVER THE 10 YEAR TREASURY SWAP RATE WOULD BE IN PLACE. |
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BORROWER QUALIFICATIONS: GROSS SALES OF $30,000,000 AND ABOVE SHOWING HISTORY OF PROFITS AND ABILITY TO COVER DEBT SERVICE AT MINIMUM MARGIN OF 1.15 |
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SALE LEASEBACK TRANSACTIONS CAN BE CONSIDERED AT UP TO 100% OF APPRAISED VALUE FOR COMPANIES HAVING GROSS SALES OF AT LEAST $50,000,000 WITH SATISFACTORY FINANCIAL STATEMENTS SHOWING PROFITABILITY AND ABILITY TO COVER LEASE PAYMENTS BY MARGIN OF 1.15 DEBT SERVICE COVERAGE |
Click here for Loan Submission Form, please complete and
e-mail or fax back to us so we can review your project (in Word).
or in
Adobe Acrobat format
Loan Types
| Information
Needed | Construction Loan
Documents | Property Types
Commercial Loan Application Forms | Business Loan
Program | Commercial Real
Estate Loans
Construction Financing Program | Fixed Rate Financing
Program | Real Estate Financing
Program | Joint
Venture Funds
Rental Properties Checklist |
Income Properties Checklist |
Construction Lender Checklist
Loans provided are only for business and investment purposes. Only business and investment property and other business assets can be used to collateralize any business and / or real estate loan request. Funds can not be used for any personal purposes and can be only used for commercial business and investment purposes. Borrower may be required to use single purpose borrowing entity which could take the form of a limited liability company or corporation. The first step to begin to see if there is an interest in your business or real estate financing request is to complete the Pre-Qualification form and either e-mail or fax back to Mortgage Cap Financial.
Last update 01/01/2008.
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