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Factories
Commercial Institutional Financing & Funding
plus Hard Private Money Bridge Loans.
 | ($300,000 to $15,000,000+)
| PROPERTY 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.
| LEASING: Properties should be well
leased on terms consistent with the local market.
| LOAN LIMITS:The LTV may not exceed 70%.
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.
| OCCUPANCY: Occupancy should be a
minimum of 85%.
| LOAN TERM: 7 or 10 years are available
at the borrowers option. Amortization is on a 20-25 year
schedule.
| RATES: Interest rates are set at a
fixed spread over comparable term treasury
| RECOURSE: The loans are generally
expected to be non-recourse except for normal lender carve
outs.
| ASSUMABLE: Yes, with consent of lender
and payment of a 1% assumption fee.
| PREPAYMENT: Loans will be subject to
prepayment restrictions and yield maintenance
| USE OF PROCEEDS: Loans are available
for both purchase and refinance transactions. |
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© 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.
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Property Criteria
LTV's, Rates, Terms
Apartments
Bridge Loans
Equipment
Factories
Health Care
Mixed-Use
Office Buildings
Shopping Centers
Self Storage
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