|
Loan amounts range from $1 MM to maximum funding capabilities in excess of $125 MM. The range of pricing is subjective to the relationship between DSCR, LTV, quality of real estate, & credit strength of the project.
|
|
As of January 2010
|
| Property Type |
Fixed Rates |
Max LTV |
DSCR |
Loan Term |
Amortization |
| Apartment |
5.35%-8.15% |
90% |
1.15 |
10, 15, 35 |
30, 35 |
| Industrial |
5.45%-8.95% |
80% |
1.25 |
10, 15 |
25, 30 |
| Mobile Home Park |
5.35%-9.25% |
80% |
1.20 |
10, 15 |
25, 30 |
| Multifamily |
5.35%-8.15% |
90% |
1.15 |
10, 15, 35 |
30, 35 |
| Office |
5.45%-8.35% |
80% |
1.30 |
10, 15 |
25, 30 |
| Retail-Anchored |
5.45%-8.75% |
85% |
1.01 |
10, 15 |
25, 30 |
| Retail-Unanchored |
6.35%-9.65% |
75% |
1.30 |
10, 15 |
25, 30 |
| Self Storage |
5.45%-8.45% |
75% |
1.30 |
10, 15 |
25, 30 |
| Church/Synagogue |
8.00%-9.15% |
75% |
1.25 |
10, 15 |
15, 25 |
| Gas Station |
8.35%-9.64% |
80% |
1.45 |
20, 25 |
20, 25 |
| Healthcare |
5.35%-8.85% |
85% |
1.20 |
10, 35 |
30, 35 |
| Hotel-Flagged |
5.35%-8.85% |
80% |
1.50 |
10, 25 |
20, 25 |
| Outlet Mall |
5.65%-8.55% |
70% |
1.40 |
10, 20 |
20, 25 |
| Single Tenant |
5.65%-8.50% |
80% |
1.25 |
10, 15, 25 |
10, 15, 25 |
| Construction Loans |
8.00%-12.5% Adj. |
90% |
1.25 |
2, 3, 5 |
% Only |
| Bridge Loans |
10.35%-18% Adj. |
75% |
1.25 |
1, 2, 3, 5 |
% Only |
| Gaming |
7.25%-10.50% |
70% |
1.50 |
7, 10 |
20, 25 |
| Golf Course |
7.25%-10.50% |
70% |
1.50 |
7, 10 |
20, 25 |
| Land Raw & Improvement |
10.85%-18.00% |
60% |
N/A |
1, 3, 5 |
% Only |
| Mixed Use |
5.45%-8.15% |
75% |
1.35 |
15, 25 |
10, 15, 25 |
| Mezzanine Loans |
12.6%-18% Adj. |
90% |
1.25 |
1, 2, 3, 5 |
% Only |
| Resort |
6.25%-12.50% |
75% |
1.50 |
7, 10 |
20, 25 |
| Special Purpose |
6.45%-8.80% |
75% |
1.35 |
15, 25 |
10, 15, 25 |
| Senior Housing |
5.25%-8.98% |
85% |
1.15 |
10, 35 |
30, 35 |
|
Rates and terms are subject to change without notice. |
|
Private Money Rates and Bridge Financing Rates
Commercial, Development, Construction, or Energy Development: 1stAC’s Private Money Lending Program is designed to accommodate any situation that may not meet traditional underwriting requirements.
Normal Program Parameters*:
|
| Term: |
1 – 3 years |
| Lending Area: |
Nationwide and select International locations |
| Loan Size: |
$1 million to No Max |
| Interest Rates: |
as low as 10%-18% (rates will vary depending upon collateral type and value) |
| Amortization: |
Interest Only |
| Loan to Value: |
Up to 75% (higher with cross-collateralization) |
| Origination Fees: |
1 to 8 %, taken at closing from loan proceeds |
| Closing Times: |
Closings as quick as 10 business days |
| * Various exceptions and changes to the above stated parameters may apply depending upon type and value of collateral. |
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