As the economy recovers and credit opens up, we are observing Conduit Programs reopening. These loans are generally for higher quality real estate and lower leverage. Minimum thresholds for these loans are $ 5 million.
Qualifying classes of real estate include:
- Shopping Centers, Shopping Malls, Lifestyle Centers, & Strip Malls
- Office Buildings, Office Parks, & Research Parks
- Industrial Properties & Distribution Centers
Non-specific details of the new order Conduit Programs include:
- 70% Loan to Value
- 1.35 Debt Service Coverage
- 85% Occupancy
- Rates in the low +/- 6% range
Call or email Paul J. Meyer to Discuss Commercial Loans: (248) 515-0226
Bristol Capital Group
400 W. Maple Road, Suite 175
Birmingham, Michigan 48009
248.203.1384 - Office
248.203.1397 - Fax