Loan Parameters
Property Types: Apartment, storefront, retail, hotel, industrial and office buildings.
Lending Areas: Any geographic location within U.S. & Canada.
Loan Purposes: Acquisitions, refinance existing debt, capital improvements, equity takeouts.
Loan Types: Conventional first mortgages only.
General Criteria
| Apartment | Storefront | Retail | Industrial | Office | |
| Maximum LTV | 80% | 75% | 75% | 75% | 75% |
|
Equity Required (Normally) | 20% | 25% | 25% | 25% | 25% |
| Minimum DCR | 1.25 | 1.35 | 1.35 | 1.35 | 1.35 |
| Max Amort. (Yrs.) | 30 | 30 | 30 | 30 | 30 |
Reports Required: Appraisal and
Phase I Environmental Report or Environmental Questionnaire.
Loan Sizes: $200,000 - $3,000,000*
Lender Fees: 0.25% - 0.5% (depending on real estate type)
Broker Compensation: Can be added into mortgage commitment
Interest Rates: Fixed and Floating
Available Terms: Floating and 1 - 5 years.
Available Amortization: Up to 30 years (varies by product type)
Personal Guarantees: Full guarantees are required with a minimum
beacon score of 680. Applications with beacon scores lower than 680 to
be reviewed and accepted by American Trust Corporation credit committee.
Typical Information Required to Obtain Detailed Loan Proposal
- Loan Amount Required and Purpose
- Rent Roll / Leases
- Project Operating Statements
- Ownership Details
- Pictures / Property Description
- Details of Registered Debt or Purchase and Sale Agreement
Escrows
Tax escrows are required
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
