Phone: (323) 728 - 7700 Fax: (323) 908 - 4006
Commercial Loan Programs
Rates updated: February 03, 2012
*All Margins subject to change
NATIONAL Net Lease Retail Program
$500,000 - $4,000,000
up to 70% Loan to Value
25 - 30 year Amortization - 5 year Fixed Term
5 year FIXED
|
|
Rate |
Reset Spread |
| under 59% LTV | 4.99% | 275 |
| 60 - 64% LTV | 5.24% | 300 |
| 65 - 70% LTV | 5.49% | 325 |
|
POINTS |
1.00 |
Loans are fully amortized and rate is fixed and reset every five years
$750,000 - $5,000,000
30 year Fully Amortized
FIXED
* Margins no longer quoted on fixed
|
|
Rate |
Prepay |
| 3 yr. Fixed | 5.50% | 3-2-1 |
| 5 yr. Fixed | 5.85% | 3-2-2-1-1 |
|
POINTS |
0.50 |
* Fixed Rate Program Converts to Adjustable for the remaining term based 3.425 + Margin (6 Mo LIBOR )
70% LTV
DCR: 1.25
$1,000,000 to $5,000,000
Retail & Industrial
* Margins no longer quoted on fixed
One Point
|
|
3yr. Fixed (CMT) |
5yr. Fixed (CMT) |
7yr. Fixed (CMT) |
10yr. Fixed (CMT) |
Rate |
4.50% |
4.75% | 5.00% | 5.50% |
Margin over LIBOR after Fixed period |
3.175 | 3.175 | 3.175 | 3.175 |
|
Prepayment
Penalty |
2-1 | 3-2-1 | 4-3-2-1 | 5-4-3-2-1 |
30 year Fully Amortized Loan maximum
up to 75% Loan to Value
Adjusts quarterly with a .5% periodic cap and life cap of 11%
1.35 Debt Coverage Ratio
Loans are Fixed for the term mentioned above, then convert to variable for the remaining term.
$250,000 - $2,500,000
25/10
ADJUSTABLE
| Index |
|
Floor Rate |
Prepay |
| 3 Mo. LIBOR |
4.50% |
5.25% | 1% exit fee |
| Points: 1.00 |
Adjusts Quarterly at .50% Cap per quarter
Annual Rate Cap Adjustment: 2.00%
Lifetime Rate Cap: 11.25%
FIXED
* Margins no longer quoted on fixed
|
|
Rate |
Prepay |
| 3 yr. Fixed | 7.00% | 3-2-1 |
| 5 yr. Fixed | 7.38% | 5-4-3-2-1 |
| 10 yr. Fixed* | 7.75% | 5-4-3-2-1* |
|
POINTS |
1.00 |
* 10 year Fixed Rate Program resets interest & Prepay every 5 years
60% LTV - Purchase
DCR: 1.35
|
FICO Range–> |
760+ |
759-740 |
739-720 |
719-700 |
699-680 |
|
$400,000 - $500,000 |
|
|
|
|
|
|
30 due in 5 |
5.44% |
5.44% |
5.94% |
6.19% |
6.44% |
|
25 due in 10 |
6.15% |
6.15% |
6.65% |
6.90% |
7.15% |
|
15 due in 15 |
5.88% |
5.88% |
6.38% |
6.63% |
6.88% |
|
$250,000 - $400,000 |
|
|
|
|
|
|
30 due in 5 |
5.59% |
5.59% |
6.09% |
6.44% |
6.69% |
|
25 due in 10 |
6.25% |
6.25% |
6.75% |
7.15% |
7.40% |
|
15 due in 15 |
5.98% |
5.98% |
6.48% |
6.88% |
7.13% |
|
$100,000 - $250,000 |
|
|
|
|
|
|
30 due in 5 |
5.94% |
5.94% |
6.44% |
6.69% |
6.94% |
|
25 due in 10 |
6.65% |
6.65% |
7.15% |
7.40% |
7.65% |
|
15 due in 15 |
6.38% |
6.38% |
6.88% |
7.13% |
7.38% |
|
|
|
|
|
|
|
LTV: 70% Owner-User 65% Investor
LOAN FORMS
Required Documentation Checklist
Checking and Savings Account Schedule
Authorization to Release Information
Financial Statement Certification
Confidential Information Statement
Rates updated: February 03, 2012