Alliance Business Capital offers fixed rate permanent loans to $50 million and more for multifamily, office, retail, self-storage, industrial, manufactured housing and hospitality property types as a Commercial Loan Broker.
This Conventional Loan Program is an alternative to our CMBS Loan Program. We offer upfront credit approval, timely closings and common-sense underwriting.
Please review the below general guidelines for more information.
Conventional Fixed Rate Loan Program Guidelines
|Eligible Property Types: |
Stabilized and near stabilized
|Multifamily, Industrial, Office, Retail, Self-Storage, Manufactured Housing, and Hospitality|
|Markets:||Major markets nationwide|
|Fixed Rates:||From 4%|
|Loan Size:||$3 Million to $25 Million with exceptions|
|Loan Purpose:||Acquisition, Refinance, Recapitalization and cash out|
|Terms:||2-10 year terms
15 year terms on a case-by-case basis
|Leverage:||75% Maximum LTV
|Recourse:||Non-recourse with standard carveouts|
|Prepayment:||Declining payments up to 20% of the loan may be prepaid per year without any prepayment penalty|
|Interest Only:||Full term and partial interest considered on a case-by-case basis|
|Amortization:||Up to 30 years for multi-family, 25 years for other asset types, Interest Only on a case-by-case basis|
|Origination Fee:||Alliance: 1-2%
|Borrower:||Single purpose entity required|
|Reserves:||TI/LC, CapEx as applicable|
The following items are the initial items needed in order for us to review your Conventional Real Estate Loan request.
- Completed Loan Application
- Personal Financial Statement on all owners
- Credit Authorization needed on all owners
- Property Financials – most recent year to date profit and loss statement with balance sheet and year end financials or tax returns for the most recent 3 years
- Current Rent Roll – if applicable
If there is an existing property appraisal please forward that as well.
These are the initial items that we will need in order to review your loan application. Please complete and then upload all items to our secure online portal.