Specializing in many types of financing programs, including working with a Non-recourse loan (Non recourse loan), Apartment mortgage loan, Joint venture real estate, Commercial equity loan, Commercial rehab loan, Structured financing, and Shopping center loan. Of course we're known for our experience in dealing with: land development loans, hard money loans, apartment loans, industrial building loans, and real estate equity.

income property > B and C Property Loans

B & C Property Loans

Several programs exist to assist with properties commonly referred to a “B or C”, those properties not classified as an “A” due to age, location, type construction, etc. Rates are very competitive and the underwriting is often much easier.

Product Description	B & C Property Loans for purchase, refinance cash-out or minor rehab.
Minimum Loan Amount	$1,000,000
Maximum Loan-to-Value	75% commercial; 80% apartments
Minimum Debt Service Coverage	1.20
Loan Terms	10 years; 7 & 15/15 terms available
Loan Fee	1%
Amortization	25 – 30 years based on age & condition
Rates	Multifamily Interest Rates Commercial Interest Rates
Prepayment	Declining percentage over 3 to 5 years
Secondary Financing	Generally permitted with Lender approval
Assumability	Allowed with approval for 1% fee
Borrower	Any Legal Structure
Recourse	Generally required but may be negotiable
Lending Area	Nationwide, prefer population centers

Grace Capital has extensive resources to structure your financing requirements. The best method is to contact an Account Executive for details.

Please contact an Account Executive

Rate and terms subject to change without notice