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LOAN AMOUNT: Minimum $1,000,000.
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LOAN TERM: Tied to lease term.
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AMORTIZATION: Typically 10 years longer than lease expiration.
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ELIGIBLE PROPERTIES: State and Municipal Leases and Companies with sales over $5,000,000.
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BORROWER: Single asset, single purpose entity.
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RECOURSE: Non-recourse.
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ORIGINATION FEE: Up to 2% of the loan amount depending on loan size.
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REPORTS: Require appraisal, structural engineering and environmental reports.
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ASSUMABILITY: Assumable, subject to approval and applicable fees.
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LOAN TO VALUE: 75-85%.
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DEBT COVERAGE RATIO: As low as 1.10%.
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RATE LOCK :
At application . |
INTEREST RATE : Tied to spreads over the ten-year treasury.
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PREPAYMENT: Negotiable. |
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