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Construction and Term Financing for Commercial and
Industrial Projects
Such as :
- Plazas
- Office buildings
- Medical buildings
- Power centers
- Mixed use of residential/ commercial buildings
- Multiple or single user's Industrial Buildings
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Lending Criteria
For All Following Properties (Examples only) Terms and Conditions may very from time to time.
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Property Type |
Loan Size (milions) |
Term
(years) |
Amortization (years) |
Indicative* Spreads Over Cda. Bonds |
L.T.V (max) |
D.S.C (min) |
Multi-Family Residential |
$ 1- Unlimited |
5/7/10 |
15-30 |
50-170bps |
85% |
1.1:1 |
Mobile Home Parks |
$ 1- $10 |
5/7/10 |
15 25 |
200-275bps |
80% |
1.25:1 |
Retail |
$ 1- $10 or Unlimited |
5/7/10 |
15 25 |
150-225bps |
80% |
1.25:1 |
Office |
$ 1 - $10 or Unlimited |
5/7/10 |
15 25 |
160-250bps |
75% |
1.25:1 |
Medical Office |
$ 1 - $10 or Unlimited |
5/7/10 |
15 25 |
170-250bps |
80% |
1.20:1 |
Industrial |
$ 1 - $10 or Unlimited |
5/7/10 |
15 25 |
170-250bps |
80% |
1.30.1 |
Self-Storage |
$ 1 - $10 |
5/7/10 |
15 25 |
225-350bps |
75% |
1.20:1 |
Mixed Use Property |
$ 1 - $10 |
5/7/10 |
15 25 |
185-275bps |
75% |
1.35:1 |
Hotels (Chain) |
$ 2 - $10 or Unlimited |
5/7/10 |
15 25 |
180-350bps |
70% |
1.50:1 |
Retirment Homes |
$ 2 - $10 or Unlimited |
5/7/10 |
15 25 |
224-275bps |
75% |
1.30:1 |
* Spreads will be determined at the time of commitment by the Lender and will be based on the current market conditions; loan to value and debt service ratios, tenant, borrower and property quality. |
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