LOAN AMOUNT: Minimum $1,000,000.
 

LOAN TERM: Tied to lease term.
 

AMORTIZATION:

Typically 10 years longer than lease expiration.
 

ELIGIBLE PROPERTIES:

State and Municipal Leases and Companies with sales over $5,000,000.
 

BORROWER:

Single asset, single purpose entity.
 

RECOURSE: Non-recourse.
 

ORIGINATION FEE:

Up to 2% of the loan amount depending on loan size.
 

REPORTS:

Require appraisal, structural engineering and environmental reports.
 

ASSUMABILITY:

Assumable, subject to approval and applicable fees.
 

LOAN TO VALUE: 75-85%.
   

DEBT COVERAGE RATIO: As low as 1.10%.
 

RATE LOCK : At application .
 

INTEREST RATE : Tied to spreads over the ten-year treasury.
 

PREPAYMENT: Negotiable.

 
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