•Single & Multi-Tenant Properties

•Purchase, Refinance, & 1031 Exchange

•Investor LTV 50-75%

•Rates from 5.66%

•3-15 Year Terms

•Up to 25 Year Amortization

•Fees 1-4%

•Recourse & Non-Recourse

•Conventional & Private Capital

•Single & Multi-Tenant Properties

•Purchase, Refinance, & 1031 Exchange

•Investor LTV 50-60%

•Rates from 7.75%

•1-5 Year Terms

•Up to 10 Year Amortization

•Fees 2-4%

•Recourse

•Conventional & Private Capital

•Single & Multi-Tenant Properties

•Purchase, Refinance, & Construction

•Owner User LTV 70-85%

•Rates from 8.5%

•3-25 Year Terms

•Up to 25 Year Amortization

•Fees 1.5-4%

•Recourse & Non-Recourse

•SBA, Conventional, & Private Capital

•Light Industrial

•Heavy Industrial

•Research & Development

•Self Storage

•Industrial Parks

•Office Warehouse

Warehouses and industrial properties come in various forms, such as bulk distribution centers, self-storage facilities, and sometimes single and multi-tenant buildings. Conventional financing programs usually cover up to 80% of the value or cost of the property. B-notes or mezzanine financing can be added in a junior position to increase funding by an additional 5-10%. A common debt service coverage ratio (DSCR) for these properties is around 1.20.

Term lengths for these loans are commonly 5, 7, 10, 15, 20, 25, or 30 years. Interest-only, balloon notes, and long-term fixed rate options are available. Some commercial programs may require the borrower to provide a personal guarantee, while others do not.

For owner-occupied industrial properties, the company using the property must occupy at least 51% of the space. In these cases, the lender will typically underwrite the property based on the cash flow of the business. This means they will calculate the net cash flow by adding the business's net income for the year, plus interest expense, depreciation, and possibly rent.

For investor-owned industrial properties, the cash flow calculation is similar, but there are some differences. Lenders will use the gross income, apply a vacancy factor (usually 5-7%), then subtract operating expenses and a 4% management fee. They may also set aside 10-15 cents per dollar of gross income as reserves.

•Loan Application

•660 FICO Score

•$100,000 in Annual Revenue

•2 Years of Business Tax Returns (Form 1120-S, 1065, or 1040 Schedule C)

•2 Years of Personal Tax Returns (Form 1040)

•6 Months of Business Bank Statements

•Profit and Loss Statement (Matching Balance Sheet date)

•Balance Sheet (Matching P&L date)

•Pro Forma Projections 2023-2025

•Purchase Price, NOI, Taxes, & Insurance

•No Criminal Record, Foreclosures, or Bankruptcies Within 3 Years

We conduct a soft credit pull that will not affect your credit score. However, in processing your loan application, the lenders with whom we work will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and happens after your application is in the funding process and matched with a lender who is likely to fund your loan.