• Loan Criteria

    Mortgage Guidelines

    1. Loan sizes $3,000,000 to $50,000,000

    2. Will consider forwards up to 12 months with additional pricing

    3. Maximum Amortization is 25 years

    4. Maximum loan-to-value 75 percent
    6. Minimum debt service coverage (DSC) 1.25

    7. We finance the following property types:

      • Anchored Shopping Centers: This is the core of our production volume. Centers are anchored with long-term leases to one or more creditworthy regional or national tenants.
      • Freestanding Single-Tenant: These loans also have long-term leases to creditworthy tenants (i.e., Wal-Mart, Publix, Home Depot, Lowe’s Home Improvement, Bed Bath & Beyond, Kroger, etc.).
      • Medical Office Buildings: This property type is doctor-owned with a lease guaranty or has a long-term master lease to a creditworthy tenant. We focus on properties in close proximity to a hospital campus.
      • Industrial Warehouse/Distribution properties: We prefer concrete tilt-up exterior walls, minimum 25 foot ceiling heights and 15% or less office finish in industrial park locations with long-term leases (+10 years) to creditworthy tenants or owner-occupants.
      • Multi-family: We focus on quality B+ or higher properties with stable operating history and experienced management.

    We are NOT looking for: 
    • Short-term leased multi-tenant office, retail, industrial
    • Hotel or Motels
    • Restaurants
    • Manufacturing facilities
    • Office showroom, flex space, R&D facilities
    • Nursing Homes
    • Hospitals
    • Mixed use
    • Special Purpose facilities