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 types of Industrial real estate property include:
- Industrial buildings and Industrial Parks
- Distribution Centers
- Multi tenant Industrial buildings and multi tenant Industrial Parks
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 Industrial Building Loans: (248) 515-0226
Bristol Capital Group
400 W. Maple Road, Suite 175
Birmingham, Michigan 48009
248.203.1384 - Office
248.203.1397 - Fax