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 > small conduit loan programs

Small Conduit Loan Programs: $2MM & Under

The program provides all the benefits of a large loan program but limits the work, time and costs involved in the underwriting process. Rates are fixed for programs of 5, 7 or 10 years with 25 or 30 year amortization dependent upon loan product. Rates are based on a margin over the corresponding treasury bill and competitive with large loans. However, the underwriting fees, including legal, are capped generally around $10,000 which makes this financing most attractive. Third party reports are limited to appraisals and environmental, and loan documents are simplified. Minimum financing is $1,000,000, loan fee is 1%.

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

Product Description	Small Conduit Loan Programs:  $2MM and Under
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	10 - 25% to Regular Conduit Program for Small Loan Program: View 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

 

Please contact an Account Executive

Rate and terms subject to change without notice