In this strong economy, credit is readily available…we are corresponding with new and many non-bank commercial real estate loan programs, such as CMBS, Life Insurance Product and Credit Union Syndication. These loans are generally for quality stabilized real estate. Minimum thresholds are for these loans are $2 million.
- Shopping Centers
- Strip Centers
- Life Style Centers
- Malls
Non-specific details of our Shopping Center / Retail Loan Programs include:
- 70% - 85% Loan to Value
- 1.25 Debt Service Coverage
- Good Occupancy
- Rates in the low +/- 4.25%
- 10 year term
- 30 year amortization
- Non-recourse in most circumstances
- Defeasance/Prepayment Consultation
Historical Low +/- 4.25% Rates
Please call Paul Meyer 248.515.0226 to discuss
Shopping Center Loans on a case by case basis.