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Last Update: April 25, 2018 at 12:22 PM
Commercial Programs *
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We offer commercial real estate loans with low interest rates based on loan-to-value and property type. Now's the time to call us while rates are down! Call us at (310)435-0595
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Property Type |
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Loan Amount |
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| Program | Key | Start Rate | Margin | Index | Ceiling | Max LTV | Amort / Term | Min DCR | Pre-Pay | Loan Fee | Plus85 | FC1 | 4.700% | | | | 85% | 20/10 or 7 varies | 1.25:1 | 5,4,3,2,1% | (310) 265.4492 | Guidelines - Owner-User financing up to 85% loan-to-value
- Commercial Condos: Medical commercial condos, Veterinarian Practices without dog runs, kennels and stalls and medical office; max amortization 20 years with 10 year term or 15/15 or 25/7 (max LTV 75% or less)
- Idustrial Buildings and Warehouses: Max amortization 20 years with 10 year term or 15/15 or 25/7. Max LTVs: 85% for 15/15; 85% or less for 20/10 or 75% or less for 25/7
- Churches: Amortization & Term: 10/10 or 15/7 or 20/7 max LTV 85%
- Motels and Hotels: 10/10 max 80% LTV; 15/7 max 80% LTV; 20/7 max 80% LTV
- Special Purpose: 15/15 max 75% LTV; 20/10 max 75%; 25/7 max 65% LTV
- Term & Amortization: Rates will vary based on selected amortization and term. The lower fixed term the lower the rate: 3/15, 3/20, 5/15, 5/20, 7/15,7/20,10/10
- Special: 3/25, 5/25, and 7/25 options on medical, professional and industrial warehouse properties only. The longest fixed rate fully amortizing option is a 15/15.
- Mini-warehouses: 15/5 max 70% LTV
- Shopping Centers: 15/7 max 80% or less; 20/7 75% or less
- New Auto Dealerships: 10/10 max 80% LTV or less; 15/7 80% or less; 20/7 80% or less.
- Used Automobile and Marine Dealerships: 10/10 75% LTV or less; 15/7 75% or less
- Crematoriums (stand alone): Max LTV 75% or less
- Prepayment Fees: Standard 5,4,3,2,1% reduced prepayment fees offered, with higher average balances, case-by-case.
- Lender admin fees: Minimal lender admin fees, typically under $500 excluding 3rd party reports required.
- Loan Origination Points: 1% to 2% depending on the deal.
- Restrauants and Fast Food: 10/10 max 75% LTV; 15/7 max 75% LTV
| | | Program | Key | Start Rate | Margin | Index | Ceiling | Max LTV | Amort / Term | Min DCR | Pre-Pay | Loan Fee | P85C | FC2 | 4.65% | | | | 85% | 20/10 varies | 1.25:1 | 5,4,3,2,1% | (310) 265.4492 | Guidelines - Owner-User financing up to 85% loan-to-value
- Commercial Condos: Medical commercial condos, Veterinarian Practices without dog runs, kennels and stalls and medical office; max amortization 20 years with 10 year term or 15/15 or 25/7 (max LTV 75% or less)
- Idustrial Buildings and Warehouses: Max amortization 20 years with 10 year term or 15/15 or 25/7. Max LTVs: 85% for 15/15; 85% or less for 20/10 or 75% or less for 25/7
- Churches: Amortization & Term: 10/10 or 15/7 or 20/7 max LTV 85%
- Motels and Hotels: 10/10 max 80% LTV; 15/7 max 80% LTV; 20/7 max 80% LTV
- Special Purpose: 15/15 max 75% LTV; 20/10 max 75%; 25/7 max 65% LTV
- Term & Amortization: Rates will vary based on selected amortization and term. The lower fixed term the lower the rate: 3/15, 3/20, 5/15, 5/20, 7/15,7/20,10/10
- Special: 3/25, 5/25, and 7/25 options on medical, professional and industrial warehouse properties only. The longest fixed rate fully amortizing option is a 15/15.
- Mini-warehouses: 15/5 max 70% LTV
- Shopping Centers: 15/7 max 80% or less; 20/7 75% or less
- New Auto Dealerships: 10/10 max 80% LTV or less; 15/7 80% or less; 20/7 80% or less.
- Used Automobile and Marine Dealerships: 10/10 75% LTV or less; 15/7 75% or less
- Crematoriums (stand alone): Max LTV 75% or less
- Prepayment Fees: Standard 5,4,3,2,1% reduced prepayment fees offered, with higher average balances, case-by-case.
- Lender admin fees: Minimal lender admin fees, typically under $500 excluding 3rd party reports required.
- Loan Origination Points: 1% to 2% depending on the deal.
- Restrauants and Fast Food: 10/10 max 75% LTV; 15/7 max 75% LTV
| | | Program | Key | Start Rate | Margin | Index | Ceiling | Max LTV | Amort / Term | Min DCR | Pre-Pay | Loan Fee | AC | A48 | 4.970% | | CMT | | 75% | 30/15 | 1.25:1 | None | Call 310 265 4492 | Guidelines - Nationwide
- Up to 75% LTV in preferred lending areas - Los Angeles, Orange and San Diego
- Interest Only up to 5 years
- 1.15:1 Multifamily
- 1.25:1 Commerical
- No Prepayment Fees
- Non-Recourse Available
- Minimum Loan Amount $1,000,000; max $15,000,000
- 30 year amortization with up to a 15 year term in 5 year or 7 year increments
- Floor equals Start Rate
- Ceiling equals 5% over Start Rate
- Rate reset index: CMT
| | | Program | Key | Start Rate | Margin | Index | Ceiling | Max LTV | Amort / Term | Min DCR | Pre-Pay | Loan Fee | P3 | BOI3 | 3.00% & up | 3.75% | | | 65% | 27/30 | 1.10:1 | 3,2,1% | (310) 265.4492 | Guidelines | | | Program | Key | Start Rate | Margin | Index | Ceiling | Max LTV | Amort / Term | Min DCR | Pre-Pay | Loan Fee | PPP | AS4 | | | | | 70% | I.O. & 30-40 yrs amortization | 1.10:1 | None | (310) 265.4492 | Guidelines - 9.50% to 12.50% Fixed Rates
- 1-Year to 10-Year Fixed Terms
- Interest Only Payments and 30-Year Amortization Available
- No Prepayment Penalties
- California Properties Only
- Appraisal may be required
- Certain properties may require environmental reports
- 12 months trailing bank statements required.
- Prefer mid credit scores of 680 or better
- Max loan to value 60%
| | | Program | Key | Start Rate | Margin | Index | Ceiling | Max LTV | Amort / Term | Min DCR | Pre-Pay | Loan Fee | C55 | A45 | 4.970% | | | | | | 1.10:1 | | | Guidelines - Nationwide
- Up to 75% LTV in preferred lending areas - Los Angeles, Orange and San Diego
- Interest Only up to 5 years
- 1.15:1 Multifamily
- 1.25:1 Commerical
- No Prepayment Fees
- Non-Recourse Available
- Minimum Loan Amount $1,000,000; max $15,000,000
- 30 year amortization with up to a 15 year term in 5 year or 7 year increments
- Floor equals Start Rate
- Ceiling equals 5% over Start Rate
- Rate reset index: CMT
| C55 | A46 | 4.970% | | CMT | Start Rate + 5% | 75% | 30/15 | 1.25:1 | None | Call 310 265 4492 | Guidelines - Nationwide
- Up to 75% LTV in preferred lending areas - Los Angeles, Orange and San Diego
- Interest Only up to 5 years
- 1.15:1 Multifamily
- 1.25:1 Commerical
- No Prepayment Fees
- Non-Recourse Available
- Minimum Loan Amount $1,000,000; max $15,000,000
- 30 year amortization with up to a 15 year term in 5 year or 7 year increments
- Floor equals Start Rate
- Ceiling equals 5% over Start Rate
- Rate reset index: CMT
| C55 | A47 | 4.970% | | CMT | Start Rate + 5% | 75/70 | 30/15 | 1.25:1 | None | Call 310 265 4492 | Guidelines - Nationwide
- Up to 75% LTV in preferred lending areas - Los Angeles, Orange and San Diego
- Interest Only up to 5 years
- 1.15:1 Multifamily
- 1.25:1 Commerical
- No Prepayment Fees
- Non-Recourse Available
- Minimum Loan Amount $1,000,000; max $15,000,000
- 30 year amortization with up to a 15 year term in 5 year or 7 year increments
- Floor equals Start Rate
- Ceiling equals 5% over Start Rate
- Rate reset index: CMT
| | | Program | Key | Start Rate | Margin | Index | Ceiling | Max LTV | Amort / Term | Min DCR | Pre-Pay | Loan Fee | H | H529 | 4.850% | 2.85 - 2.95% | 6 Mo LIBOR | 6% + Start Rate | 75%/70% | 30/15 | 1.30:1 | 5,4,3,2,1% | call 310.265.4492 | Guidelines - States: AZ, CA, CO, ID, NV, OR, TX. UT, WA
- Price Adjustments: Property less than B quality; Credit score below 680; Add 0.25 bps for any loans under $2MM
- 5's, 7's & 10's sized at start rate (3 yr sized at greater of strat or Prime + 2.00%)
- 60 day rate lock for $250 fee and 1% refundable deposit.
- 3% max increase at 1st adjustment, then 1% every 6 months
- TI's & LC's calculated in underwriting
- Full Recourse - Non-Recourse vase by case (standard carve outs)
- Impounds for taxes/insurance typically required.
- $6,000 deposit for 3rd party reports (loans under $3MM)**
- $8,500 deposit for 3rd party reports (loans $3MM+)**
- ** Add $1,000 towards deposit for deals outside of CA
- Ancillary costs typically $2,500-$3,000
- Property types: Multi-tenant, office, retail, industrial and self-storage.
- Adjust to 6 Mo. Libor + margin after initial fixed period.
| H | H530 | 4.975% | 2.85 - 2.95% | 6 Mo LIBOR | 6% + Start Rate | 75%/70% | 30/15 | 1.30:1 | 5,4,3,2,1% | Call 310 265 4492 | Guidelines - States: AZ, CA, CO, ID, NV, OR, TX. UT, WA
- Price Adjustments: Property less than B quality; Credit score below 680; Add 0.25 bps for any loans under $2MM
- 5's, 7's & 10's sized at start rate (3 yr sized at greater of strat or Prime + 2.00%)
- 60 day rate lock for $250 fee and 1% refundable deposit.
- 3% max increase at 1st adjustment, then 1% every 6 months
- TI's & LC's calculated in underwriting
- Full Recourse - Non-Recourse vase by case (standard carve outs)
- Impounds for taxes/insurance typically required.
- $6,000 deposit for 3rd party reports (loans under $3MM)**
- $8,500 deposit for 3rd party reports (loans $3MM+)**
- ** Add $1,000 towards deposit for deals outside of CA
- Ancillary costs typically $2,500-$3,000
- Property types: Multi-tenant, office, retail, industrial and self-storage.
- Adjust to 6 Mo. Libor + margin after initial fixed period.
| | | Program | Key | Start Rate | Margin | Index | Ceiling | Max LTV | Amort / Term | Min DCR | Pre-Pay | Loan Fee | H7 | AS31 | 4.900% | 2.85%-2.95% | 6 Mo LIBOR | 6% + Start Rate | 75/70 | 30/15 | 1.30:1 | 5,5,4,3,2,1,1, | Call 310 265 4492 | Guidelines - 9.50% to 12.50% Fixed Rates
- 1-Year to 10-Year Fixed Terms
- Interest Only Payments and 30-Year Amortization Available
- No Prepayment Penalties
- California Properties Only
- Appraisal may be required
- Certain properties may require environmental reports
- 12 months trailing bank statements required.
- Prefer mid credit scores of 680 or better
- Max loan to value 60%
| H7 | AS32 | 5.025% | 2.85%-2.95% | 6 Mo LIBOR | 6% + Start Rate | 75/70 | 30/15 | 1.30:1 | 5,5,4,3,2,1,1, | Call 310 265 4492 | Guidelines - 9.50% to 12.50% Fixed Rates
- 1-Year to 10-Year Fixed Terms
- Interest Only Payments and 30-Year Amortization Available
- No Prepayment Penalties
- California Properties Only
- Appraisal may be required
- Certain properties may require environmental reports
- 12 months trailing bank statements required.
- Prefer mid credit scores of 680 or better
- Max loan to value 60%
| | | Program | Key | Start Rate | Margin | Index | Ceiling | Max LTV | Amort / Term | Min DCR | Pre-Pay | Loan Fee | H10C | H533 | 5.000% | 2.85%-2.95% | 6 Mo LIBOR | Start Rate + 6% | 75/70 | 30/15 | 1.30:1 | 5,5,4,4,3,3,2,2,1,1 | Call 310 265 4492 | Guidelines - States: AZ, CA, CO, ID, NV, OR, TX. UT, WA
- Price Adjustments: Property less than B quality; Credit score below 680; Add 0.25 bps for any loans under $2MM
- 5's, 7's & 10's sized at start rate (3 yr sized at greater of strat or Prime + 2.00%)
- 60 day rate lock for $250 fee and 1% refundable deposit.
- 3% max increase at 1st adjustment, then 1% every 6 months
- TI's & LC's calculated in underwriting
- Full Recourse - Non-Recourse vase by case (standard carve outs)
- Impounds for taxes/insurance typically required.
- $6,000 deposit for 3rd party reports (loans under $3MM)**
- $8,500 deposit for 3rd party reports (loans $3MM+)**
- ** Add $1,000 towards deposit for deals outside of CA
- Ancillary costs typically $2,500-$3,000
- Property types: Multi-tenant, office, retail, industrial and self-storage.
- Adjust to 6 Mo. Libor + margin after initial fixed period.
| H10C | H534 | 5.025% | 2.85%-2.95% | 6 Mo LIBOR | Start Rate + 6% | 75/70 | 30/15 | 1.30:1 | 5,5,4,4,3,3,2,2,1,1 | Call 310 265 4492 | Guidelines - States: AZ, CA, CO, ID, NV, OR, TX. UT, WA
- Price Adjustments: Property less than B quality; Credit score below 680; Add 0.25 bps for any loans under $2MM
- 5's, 7's & 10's sized at start rate (3 yr sized at greater of strat or Prime + 2.00%)
- 60 day rate lock for $250 fee and 1% refundable deposit.
- 3% max increase at 1st adjustment, then 1% every 6 months
- TI's & LC's calculated in underwriting
- Full Recourse - Non-Recourse vase by case (standard carve outs)
- Impounds for taxes/insurance typically required.
- $6,000 deposit for 3rd party reports (loans under $3MM)**
- $8,500 deposit for 3rd party reports (loans $3MM+)**
- ** Add $1,000 towards deposit for deals outside of CA
- Ancillary costs typically $2,500-$3,000
- Property types: Multi-tenant, office, retail, industrial and self-storage.
- Adjust to 6 Mo. Libor + margin after initial fixed period.
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* Rates, fees and terms are subject to change without notice. |
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