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Self
Storage
Commercial Institutional Financing & Funding
plus Hard Private Money Bridge Loans.
 | ($850,000 to $10,000,000)
| PROPERTY TYPES: Existing self - storage
facilities containing a minimum of 25,000 sq. ft. of
building area. Masonry buildings are preferred, but metal
buildings will be considered on a case-by-case basis.
Locations should be in commercial or industrial areas with
high visibility and accessibility.
| LOAN LIMITS: The loan not exceed 75% of
value or the amount that produces a minimum debt service
coverage ratio of 130%.
| OCCUPANCY REQUIREMENTS: Property must
have had at least 85% occupancy for the past twelve months.
| BORROWING ENTITY: Generally, a single
purpose entity is required.
| LOAN TERM: 7 or 10 years amortized over
a 20-25 year basis.
| RATES: nterest rates are set at a fixed
spread & over comparable term treasury.
| RECOURSE: Non-recourse except for
normal carve-outs.
| ASSUMABLE: Yes, with consent of lender
and a 1% assumption fee.
| PREPAYMENT: Loans subject to prepayment
restrictions and yield maintenance covenants. |
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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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