A100 Loan Program
The A100 Loan Program was designed with the Small Business Owner and Commercial Real Estate Investor in mind. The Lender offers both fixed and adjustable rates on the A100 Loan Program.
A100 Loan Program General Guidelines
| Minimum Loan Amount: | $75,000 |
| Maximum Loan Amount: | $1.5 Million Loans over $1 Million are only available in major MSA's |
| Rates: | Start at 8.75% Rates depend on property type, credit, loan to value etc. |
| Available Loan Terms: | 25 year fixed 3 year hybrid 5 year hybrid |
| Minimum DSCR: | 1.25 |
| Amortization: | 25 years |
| Maximum LTV: | 65% - varies by property type |
| Prepayment Penalty: | 5,4,3,2,1 declining 3,2,1 declining |
| Minimum Credit Score: | 600 |
| Property Types: | Apartment Buildings, Office Buildings, Multifamily, Retail, Mixed-Use, Hotel/Motel, Recreational Day Care, Hair Salons, Auto Repair, Auto Body Shop, Funeral Homes, Office, Warehouse, Mobile Home Parks, Garage/Storage, Bar/Restaurant |
| Properties -Tier 1 | Multi-family (2+) Mixed-use |
| Properties - Tier 2 | Retail Owner Occupied Office Warehouse Light Industrial |
| Properties - Tier 3 $500K Maximum Loan Size and/or 60% Maximum LTV | Daycare Center Mobile Home Park Self-Storage Automotive Restaurant/Bar Hotel/Motel Investment Office Condominiums Funeral Home |
| Alliance Fees: | 2-5% of the Loan Amount |
| Additional Fees: | Appraisal Fee will need to be paid upon issuance and acceptance of Conditional Loan Approval |
To get started on applying for a Commercial Real Estate Loan under the A100 Loan Program you can either Apply Online or download our Application package to your computer where you can complete the forms in detail and once completed upload them along with the documents requested in the needs list to our secure online portal.
If you need assistance, please do not hesitate to contact us.
