Industrial
Mortgage Program
Eligible Property:
Multi- and single-tenant bulk warehouse, light industrial and
multi-tenant flex space.
Loan Parameters
Loan Size: Ten year fixed rate, non-recourse, balloon loans with
amortization schedules up to 30 years; sever-year terms considered on a
case-by-case basis with a pricing adjustment.
Security: First mortgage secured by existing industrial
properties of fee simple land (Leasehold mortgage loans available on an
exception basis)
Principal Amount Range: $2 Million and higher
Interest Rate: Available upon request
Debt Service Coverage: Minimum of 1.25-1.35 times depending upon
property type, age, physical condition, credit and lease terms of
tenants, location and market condition
Loan to Value: Up to 80% warehouse; 75% Flex
Prepayment: Defeasance
Secondary Financing: Prohibited; may be permitted under certain
limited conditions on a case-by-case basis
Application Fee: $2,500 non-refundable inspection/loan processing
fee payable to lender with the loan application, will be credited to
origination fee at closing
Origination Fee: 1%
What We Do
Lending Programs
Property Types
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Global Financing Solutions
Short Term Commercial
Float to Fixed
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FHA & Fannie Mae Products
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Factoring and Business Finance
Small and Rural Hospital Finance
