Commercial Real Estate Financing

We are able to see viable deals where traditional lenders fail.

  • Non-recourse loans
  • No income verification
  • Unrestricted cash out
  • No balloons
  • Quick closings – under 60 days
  • Acquisition (including land), construction, refinance
  • Fixed rate, floating rate, mezzanine, bridge, construction-to-permanent
  • Specialty properties (i.e. assisted living, marinas, religious institutions, industrial, hotels, etc.)
  • Condominium construction and conversion

Loan Amount
Starting at $500,000 with no upper limit.

Term
Fixed rate loan: 2, 3, 5, 7, 25, 30-year term, with flexible prepayment options.
Floating rate loan: Up to 5 years, with an initial term of two or three years and
extension options.

Prepayment Penalty

Declining 5-4-2-3-1% or fixed 5%, depending on the program.

Eligible Properties
Retail, office, industrial, multi-family, mobile home parks, hotels and self-storage,
gas stations, mixed use, nursing homes, religious institutions.

Loan-to-Value
Up to 100% with cross-collateral.

Amortization
25 and 30 years.

Recourse

Non-recourse loans available.

Origination/Exit Fees
Vary from loan to loan.

Assumable
Sometimes permitted, subject to approval and an assumption fee.

 

Call us today

203.341.9377


The Source, Inc. 10 Bay Street Westport, CT 06880-4326
Phone: Fax:

Commercial | Residential | Religious Institutions | Loan Purchase & Sale

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