Commercial Loan Programs

Commercial Properties and Programs

Our goal is to outline the types of collateral that we can provide financing for.

We finance these Multi-Tenant Property types:	We finance these Owner Occupied Property types:
Office Buildings Anchored / Unanchored Retail Buildings Apartment Buildings Industrial Buildings Manufacturing Facilities Self Storage Mobile Home Parks Health Care and Medical Buildings Mixed Use Properties	Gas Stations Convenience Stores Auto Dealerships Campgrounds Churches Charter Schools Bowling Alleys Hotel / Motel Funeral Homes	Liquor Stores Golf Courses Car Washes RV Parks Dry Cleaners Daycare Facilities Marinas Resorts Power Plants
	Restaurants and Bars Assisted Living Facilities Recreational / Entertainment Facilities Manufacturing Facilities Warehouse Facilities

*We also finance* Single Credit Tenant Lease Loans, Equipment, Medical Equipment, Accounts Receivable Financing, Export Receivable Financing, Purchase Order Financing / Factoring, Transportation Finance (Freight Bills) and Inventory Financing.

Loan Guidelines

Multi Tenant Property Types:

Office Buildings
Eligible properties include existing office space for the purposes of single tenant, multi tenant, and medical facilities.

At least 85% economic occupancy
Low Fixed Rate
10, 15, & 20-year terms with up to 30-year amortizations
Loan sizes from $500,000 to $50,000,000
Non-recourse and assumable (subject to standard carve-outs and approval)
75% to 80% LTV with 1.25 DSC
Spreads of 200-300 bps over the 10-year Treasury
No cash-out restrictions

Anchored / Unanchored Retail
Eligible properties include existing retail properties.

At least 85% occupancy
Low Fixed Rate
5, 7, & 10-year terms with up to 30-year amortizations
Loan sizes from $500,000 and up
Non-recourse and assumable (subject to standard carve-outs and approval)
Anchored - 75% to 80% LTV with 1.20 - 1.25 DSC
No cash-out restrictions

Apartment Buildings
Eligible properties include existing apartments. Moderate rehabilitation is permitted, so long as current occupancy will support underwriting.

At least 85% economic occupancy
Low Fixed Rate
5, 7, & 10-year terms with up to 40-year amortizations
Loan sizes from $500,000 to $50,000,000
Non-recourse and assumable (subject to standard carve-outs and approval)
80% to 90% LTV with 1.20 - 1.25 DSC
No cash-out restrictions

Industrial / Manufacturing Facilities
Eligible properties include existing facilities.

At least 85% economic occupancy
Low Fixed Rate
5, 7, & 10-year terms with up to 30-year amortizations
Loan sizes from $500,000 to $50,000,000
Non-recourse and assumable (subject to standard carve-outs and approval)
80% to 90% LTV with 1.20 - 1.25 DSC
No cash-out restrictions

Self Storage
Eligible properties include existing self storage facilities. At least 85% economic occupancy

85% occupancy based on square footage is required
Low Fixed Rate
5, 7, & 10-year terms with 30-year amortizations
Loan sizes from $500,000 and up
Non-recourse and assumable (subject to standard carve-outs and approval)
75% to 90% LTV with 1.25 - 1.40 DSC
No cash-out restrictions

Mobile Home Parks
Eligible properties include existing mobile home parks.

85% occupancy is required
Low Fixed Rate
5, 7, & 10-year terms with 30-year amortizations
Loan sizes from $1,000,000 and up
Non-recourse and assumable (subject to standard carve-outs and approval)
75% to 80% LTV with 1.25 - 1.35 DSC
No cash-out restrictions

Owner Occupied Property Types
Eligible properties include existing facilities that are 100% occupied by the owner.

Low Fixed Rate
5, 7, 10, 20, & 25-year terms with 15, 20, & 25-year amortizations
Loan sizes from $250,000 and up
Assumable (subject to standard carve-outs and approval)
75% to 80% LTV with 1.25 - 1.5 DSC
No cash-out restrictions

Single Credit Tenant Lease Loans
Eligible properties include existing, stabilized, income-producing Office, Retail, and Industrial properties housing a single tenant with a credit rating of “BBB” and a stable outlook or better.

5, 7, & 10-year terms or coterminous with the remaining lease term.
Bondable, NNN, and NN lease types acceptable
Loan sizes from $1,000,000 and up
Non-recourse (subject to standard carve-outs and approval)
Up to 100% LTV with 1.00 DSC

Equipment Loans
Use to purchase or refinance new or used equipment.

Loan sizes from $100,000 to $2,000,000
Up to 15-year terms on new equipment
Up to 10-year terms on used equipment
Competitive interest rates

Medical Equipment Finance
A financial solution geared to the needs of medical professionals, private and public hospitals, surgeries, and specialist clinics.

Wide range of equipment considered including small ultra sound equipment, CT scanners, lithotripters, vehicles, computers and general practice development needs, operating leases and purchase facilities.
Flexible and creative lease terms
Eligible borrowers include dentists, veterinary surgeons, opticians, general practitioners, private healthcare hospitals and operators, specialist clinics, care homes, NHS, manufacturers and suppliers of medical equipment

Accounts Receivable Financing
Our Receivables Funding (Account Receivable Factoring) boosts your cash flow by providing an immediate advance of cash against the value of your outstanding invoices.

When you raise an invoice, our Lender can release up to 90% of the value of that invoice within 24 hours. The remaining 10% is paid to you, less a small service fee, once payment is received from your customer.
Your business has access to ongoing cash flow funding directly linked to your sales so as your business grows so does the amount of funding available to you.
Benefit from improved profitability by taking advantage of discounts on bulk purchases and early payments with your suppliers.

Export Receivable Financing
Offering attractive payment terms is essential in making a sale in competitive export markets. Our Export Finance Program provides immediate cash flow for your business (against the value of your outstanding export invoices) and an ongoing supply of working capital.

You send export sales invoices and credit memos to our Lender who can release up to 80% of the value of those unpaid invoice within 24 hours. The remaining 20% is paid to you, less a small service fee, once payment is received from your customer.
Your business has access to ongoing cash flow funding directly linked to your export sales.
You save valuable management time by not having to chase and collect outstanding invoice payment from your overseas customers or manage any currency issues.

Purchase Order Financing
Some suppliers want you to pay cash on delivery while your customer wants to pay you net 30 to 60 days. Our Purchase Order Finance Program can help make your deals possible. If you have a confirmed order from a creditworthy customer but lack the cash to fulfill it:

Our Lender will advance up to 80% of the confirmed purchase cost to your supplier by either paying them directly or opening a letter of credit.
You deliver the goods and our Lender invoices your customer.
Our Lender collects payment on the invoice from your customer and then pays you the balance minus a small service fee.

Transportation Finance
This works by our Lender purchasing your freight bills and advancing you up to 95% of the verified freight bill value.

The initial funding process, from receipt of application, normally only takes from two to six business days, depending upon the size of your business.
After your initial funding you will get up to 95% of funding on your freight bills within 24 hours.

Inventory Financing
Eligible inventory includes inventory that is not outdated and in good condition.

Up to 100% financing of eligible inventory
No charge financing periods available
Early payment discounts
Multiple scheduled payments up to 120 days
Payment Rescheduling Plan available

Apply online .