|
|
|
| All Commercial Properties except Healthcare. The loan is a second mortage we provide our borrowers with a “B” Note product that allows them to increase the loan to value an additional 5% of appraised value (up to 85% LTV) on the same term and amortization as the first loan. There is just one underwriting, one approval, one commitment and one closing process. All commercial property types (except healthcare) located within the continental United States are eligible. BLC also offers, as needed, another additional 5% mezzanine financing piece to increase the LTV to 90% (please call for details). |
|
|
|
|
|
|
| Individuals, Revocable Trusts, maximum 2 member LLC (no sub entities). |
|
|
|
|
|
|
|
|
|
| Matches primary mortgage (7-15 years). |
|
|
|
|
|
|
| Tied to spreads over the ten-year Treasury. |
|
|
|
|
|
|
| Matches primary mortgage (up to 30 years). |
|
|
|
|
|
|
| Assumable, subject to approval and applicable fees. |
|
|
|
|
|
|
| Declining Prepayment Fee Schedule . |
|
|
|
|
|
|
|
|
|
| Minimum 1.07x's on combined debt service. |
|
|
|
|
|
|
| Can do early or standard rate locks. |
|
|
|
|
|
|
| |
|
Include the following in your request for a loan quote:
1. Completed 1003 Uniform Residential Loan Application .
2. Representative color photographs.
3. Signed current rent roll .
4. YTD Operating Statement.
|
| |
|
|
