 |
 |
 |
 |
 |
Permanent loans are characterized typically by fixed interest rates and longer loan terms (time periods). Properties that work best for long term fixed rate loans (permanent financing) are stable, well leased properties that are not in jeopardy of loosing a major tenant or at risk of sudden value loss in the near future. The key feature of a property well suited for permanent financing is property stability. Permanent loans are typically 5 years or longer up to 40 years in length. Rates are fixed for the entire loan term and usually subject to pre-payment penalties for early loan repayment unless otherwise negotiated up front. Leverage is typically 75-80% of value with some lenders reaching to 85% of value for the right project.
Using an intermediary like BridgePointe Advisors to arrange permanent financing can be very helpful in negotiating leverage, rate, reserves and in avoiding pitfalls contained in the loan documents and closing process. A good intermediary can save a client thousands in closing costs, rate, reserves and leverage on every transaction.
To get more information on what rate you might expect for your project, please use the text box below to explain simply what you seek. Please include your email address. You will receive more personalized feedback once this information has been reviewed.
TEXT BOX INSTRUCTIONS - Please explain loan amount request, loan term
request, current property condition and reasons for the permanent loan
request. Helpful information also includes current property net
operating income, major tenants and an explanation of the business plan
for the loan term.
Your message will be emailed to Tim Radomski of BridgePointe Advisors.
* - Required
|
|
 |
|
|
|
[an error occurred while processing this directive] |
