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Shopping
Centers
Commercial Institutional Financing & Funding
plus Hard Private Money Bridge Loans.
 | RETAIL CENTER PROGRAM: ($750,000 to
$15,000,000+)
| PROPERTY TYPE: Retail and community
shopping centers and regional malls)
| LOAN LIMITS: The loan to value ratio
may not exceed 75%
| DEBT SERVICE COVERAGE: Minimum of
1.30%.
| OCCUPANCY: The center should be leased
to a stabilized operating level.
| BORROWING ENTITY: Generally, a single
purpose entity is required.
| LOAN TERM: 5, 7, 10, and 25 year terms
are available at the borrower's option.
| AMORTIZATION: Up to 30 years
| RATES:Interest rates are set at a fixed
spread over 5 to 10 year treasury rates. Spreads vary based
on coverage ratios.
| RECOURSE: The loans are generally
non-recourse except for standard carve-outs.
| ASSUMABLE: Yes, with consent of lender
and payment of a 1% assumption fee.
| PREPAYMENT: Loans will be subject to
prepayment restrictions & yield maintenance |
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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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