• Loan Criteria

    Mortgage Guidelines

    1. Loan sizes $2,000,000 to $50,000,000

    2. We will accept business on a nationwide basis

    3. We prefer immediate commitments (90 days or less) but will consider forwards with additional pricing

    4. Maximum loan-to-value 75 percent
    6. Minimum debt service coverage (DSC) 1.25 (based on 25 year amortization)

    7. The property types are basically divided into the following categories:
      • Anchored shopping centers
        This property type represents our core mortgage production volume. We focus on making commercial mortgage loans to finance shopping centers that provide the necessities of life to people within a community. Centers are anchored with long-term leases to one or more strong regional or national grocery and/or drug stores.

      • Freestanding Credit Deals 
        These loans are leased to credit-oriented tenants commonly known as the category killers in their respective industries (i.e. Wal-Mart, Publix, Lowe's Home Improvement, Bed Bath & Beyond, Kohl's).

      • Doctor owned and occupied medical office buildings next to a hospital with full recourse to the doctors. Recourse is not needed if we have a long-term master lease to a creditworthy tenant (i.e. hospital).

      • Industrial distribution properties
        Typically these properties have concrete tilt-up exterior walls, minimum 20-28 foot ceiling height, 15 percent or less office finish, located in industrial park and leased on long-term leases (over 10 years) to a creditworthy tenant or owner occupied.

      • Multi-family, low density, two and three story brick garden units with pitched roofs with quality of B+ or higher.

    We are NOT looking for: 

    • Short-term leased multi-tenant office, retail, industrial
    • Hotel or Motels
    • Restaurants
    • Mini Warehouses
    • Manufacturing facilities
    • Office showroom, flex space, R&D facilities
    • Nursing Homes
    • Hospitals
    • Mixed use
    • Special Purpose facilities