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Recent Closings

Office - Maryland -
$500,000 Purchase

Multi-Family - Florida -
$320,000 Line of Credit

Mixed-Use - California - $227,500 Refinance

RV Park - Arizona - $350,000 Refinance

Retail - Detroit, MI - $256,000 Line of Credit

Auto Center - Virgina -
$450,000 Refinance

Office - Washington, DC - $500,000 Refinance

 


Property Eligibility - Business Line of Credit (70-75% LTV):

All standard property types and many non-traditional are eligible, including:

  • Office
  • Office Condo - Some restrictions may apply
  • Warehouse
  • Retail
  • Mixed-Use
  • Special Purpose
  • Residential 1-4 - Must be vested as a business, partnership, corp, or LLC
  • Some Environmentally Sensitive Properties

Most Common Eligible Special Purpose Properties
(Max 60% LTV)

  • Assisted Living Facility
  • Auto Repair Shop
  • Convalescent Home
  • Daycare or Preschool
  • Fast Food Restaurant
  • Gas Station <10 yrs old
  • Health Club or Gym
  • Mini-mart
  • Nursery (Horticulture)
  • Self-storage
  • Theater

Non-eligible Property Types Include:

  • Agricultural/Forestry/Orchard/Farm
  • Auto Wrecking/Auto Salvage Yard
  • Cemetery
  • Dry Cleaning Plant
  • Gas Station > 10 years old
  • Golf Course
  • Heavy Industrial
  • Hospitality (hotel, motel, B & B, condo-tel)
  • Mobile Home/RV Park - Check our other Multifamily Programs
  • Non-Profit Organization - Available here
  • Vacant/Undeveloped Land - Available here
  • Time Share Property

Multi-Family Housing, 5+ Units:
We fund these types of residential structures that include 5 or more dwelling units in the same building. Generally, these are multistory residential buildings containing apartments for rent. It is a structure with individual apartment units but a common entrance and hallway.


Mixed Use/Apartment Building:
Our real estate professionals have decades of nationwide experience at the local level and we fully comprehend the intimate apartment and mixed-use real estate markets. In terms of our valuation we consider such factors as age, condition, supply and demand issues, and rent control to name a few. Valuation factors vary for each property type but our ability to understand the industry and the facts that affect value enable us to outperform all others.


Office Property:
We understand and appreciate clients that have office properties or are looking to purchase an office property. Whether your property is a class A, B or C, or not fully occupied, we can help you get the financing terms that you are looking for. We know office property and we are experienced at getting through the challenging situations.


Warehouse/Self-Storage:
Over the past decade, we have seen a growing number of warehouse facilities appear around our neighborhoods. This once underserved market has been developed into one of the more competitive building classes in the country. New developments for office - warehouse buildings. Whatever the case, we have a seasoned staff that is up-to-date with the most current advances in self-storage industry.

     
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