A significant part of our practice is conventional real estate financing. We have helped numerous clients to successfully navigate the conventional financing process for development, acquisition, refinancing or repositioning projects.
We are dedicated to your success, so our advisors will guide you through a solutions-based approach that includes understanding your goals, gathering information, analyzing the project details and presenting you with the best possible financing alternative. Our advisors work for you, not the lender, so you can be sure that we will find the most competitive rates, terms, amortizations and loan structures that are available in the market.
CONVENTIONAL LOAN TERMS
|LOAN AMOUNTS:||Minimum $500,000|
|LOAN RATES:||4.0-5.5% (risk based pricing)|
|LOAN TERMS:||5, 7, 10, 15 years|
|AMORTIZATION:||20, 25 or 30 years|
|MAX LOAN-TO-VALUE:||75% of appraised value
80% of completed value
85% if used in combination with mezzanine
|MINIMUM DSCR:||1.25X debt service coverage ratio|
|RECOURSE:||Recourse (typically) with personal guarantees|