Answer all of the questions that make sense for your project and we'll list the types of loans that make the most sense for your situation.
Is the property fully leased (about 95%)?
Do you want to borrow more than 75% of today's value (80% if apartments)?
Are you willing to re-finance the property or are you planning on selling in the next 3 years or so?
Will you accept a loan with a large prepayment penalty?
Do you expect leasing activity in the building over the next 3 years (either from existing or new tenants) to increase the property value greater than 25%?
If the property value is increasing more than 25% over the next 3 years, will the loan request today be 75% or less of the increased value? Leave Blank if the value is not increasing.
Will 50% of the building leases expire in any one of the next 3 years? Note: Leave this blank if this is an apartment project or multi-tenant property with short-term leases.
Are you building, installing land infrastructure (roads, utilities, etc.) gutting the building or converting the use?
Is the property value greater than $10 million?
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