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Commercial Institutional Financing & Funding plus Hard Private Money Bridge Loans.

bullet($300,000 to $15,000,000+)
 
bulletPROPERTY TYPE: Light-industrial buildings in suitably zoned commercial or industrial areas with a preference for high-ceiling warehouse and distribution buildings rather than R&D or service center space.
 
bulletLEASING: Properties should be well leased on terms consistent with the local market.
 
bulletLOAN LIMITS:The LTV may not exceed 60%. The minimum debt service coverage ratio is 1.40%. Lower coverage ratios may be accepted for Facilities leased to credit-worthy tenants on a long term basis.
 
bulletOCCUPANCY: Occupancy should be a minimum of 85%.
 
bulletRECOURSE: Yes.
 
bulletPREPAYMENT: Loans will be subject to prepayment restrictions and yield maintenance
 
bulletUSE OF PROCEEDS: Loans are available for both purchase and refinance transactions.

© 1997 Met Mortgage Corp. 

Commercial Institutional Financing through out the US. Private Funding Hard Money, Apartments, Bridge Loans, Equipment, Office, Retail, Self Storage, Health, Hotel/ Motel, Industrial & Mixed-Use. Note and Mortgaging Purchasing.
 

Property Criteria
LTV's, Rates, Terms
Apartments
Bridge Loans
Equipment
Factories
Health Care
Mixed-Use
Office Buildings
Shopping Centers
Self Storage
    Met Mortgage 501 56th Street West New York, NJ O7093   <201-866-4800>    Fax: 201-661-2806