Specialized lending to help enable your commercial development projects
Our lending focusWith an emphasis on careful management and a focus on specialized market segments, Protective puts its experience to work for commercial real estate developers and owners across the United States.
We specialize in making real estate loans on credit-oriented or credit-anchored commercial properties, including credit-anchored retail centers, single-tenant credit industrial, single-tenant office, multi-family assets and medical offices.
Commercial mortgage guidelines and criteriaProtective deploys roughly $1.5 billion annually on commercial real estate loans. A high level outline of our lending criteria is included below:
- Loans ranging from $3 million to $50 million, depending on the type of project.
- Forward rate lock available - up to 12 months with a rate premium or fee
- 75% maximum loan-to-value ratio
- Minimum debt service coverage of 1.20 (25 year amortization)
- Loan types include:
- Long-term, fixed-rate; fully amortizing or balloon structure
Financing available for select property types
Protective focuses on property types within these segments:
Anchored shopping centers
Medical office buildings
Industrial warehouse or distribution properties
Additional guidelines and materials