COMMERCIAL LENDING
CRITERIA

Providing financing solutions

COMMERCIAL LENDING CRITERIA

PROPERTY TYPES

Hospitality • Industrial • Medical Office • Mixed Use • Multifamily • Manufactured Housing • Retail • Self Storage

LOAN AMOUNTS

$1,000,000 to $15,000,000

MAXIMUM LTV / LTC

Up to 75% LTV (based on stabilized value)

Up to 85% LTC (based on transaction underwritingl)

LOAN PURPOSE

Purchase • Refinance • Rehabilitation • Stabilization • Expansion • Situational

INTEREST RATE

8.00% - 11.00% Fixed Rate (interest only)

LOAN TERMS

1 to 3-Year Terms with Extension Provisions

3 to 5 Points to Lender

Interest Accrual and Exit Fees (on higher loan-to-cost transactions)

LOCATION

Primary, Secondary & Select Tertiary Markets

Minimum Population of 25,000 to 50,000

UNDERWRITING

Senior Position (secondary financing prohibited)

Full / Limited Recourse

Full Funding with Holdback

CONTACT US

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HEADQUARTERS
625 Kenmoor Avenue SE, Suite 200
Grand Rapids, MI 49546
616.734.6099
[email protected]