Eligible Property Types: Anchored strip centers; Unanchored trip centers; Class “B” and “C” Suburban and Urban, Multi-Tenant Office properties; Self storage and mini-storage facilities containing a minimum of 50 units; Factory Outlet Centers; Class “A” and “B” mobile home parks with a minimum of 50 spaces; Multi- and single-tenant bulk warehouses, light industrial and multi-tenant flew space.
Loan Parameters
Loan Types: 3-5 year fixed rate, non-recourse.
Security: First mortgages secured on fee simple estate.
(Leasehold mortgage loans available on an exception basis.)
Principal Amount Range: $2 Million and higher.
Interest Only: Available with reduction in LTV of 3%.
Debt Service Coverage: Minimum of 1.30x depending upon property
type, age, physical condition, location and market condition.
Loan to Value: Up to 70%
Interest Rate: Available on request.
Prepayment: 3-4 year loan term- Yield Maintenance; 5 year loan
term-Defeasance.
Hyper amortization: Required at Lender’s option.
Lockbox: Modified lockbox required.
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 American Trust Corporation with the loan application,
will be credited to origination fee at closing
Origination Fee: 1%
What We Do
Lending Programs
Property Types
Application Forms
Global Financing Solutions
Short Term Commercial
Float to Fixed
Small Loan Programs
Hard Money Loans
Credit Tenant Financing
Mezzanine
Multifamily
Office
Health Care Financing
Hotel & Resort Financing
Auto, Marine & Equipment Financing
Mobile Home Park
FHA & Fannie Mae Products
Self Storage
Retail
Industrial
SBA Programs
Factoring and Business Finance
Small and Rural Hospital Finance
