sailboat
sailboat
 

Small Balance Commercial

Considering purchasing or refinancing commercial real estate valued under $5MM? Take advantage of our Small Balance program that is designed to capture financing oppotunities that were passed on by your depositry lender.

 

 

 

Lending Parameters

Transaction Type: Purchase, Refinance, &Cash Out Refinance

LTV: 75% Max LTV (based upon asset and location)

Rates: 6.35%-9.5%

Fixed Period: 2,3,5,7,10 and 30 year

Points: up to 2 points (par pricing available)

Loan Amounts: $300,000 to $6,000,000

Amortization:  up to 30 Year Fully Amortizing (other amortization options available)

Index: WSJ P

Rate Caps: 2% for the First Year Then 1% periodically

Prepayment Penalty: 5% for Each Year That The Loan is Fixed  

Rate Buy-down: Available with additional origination costs.

 

Additional Considerations:

-Minimum Credit Score: 600

-Expense Deposit Required Fort 3rd Party Reports

-Rate Lock When Loan Documents Drawn

-Impounds For Property Taxes and Insurance Required

-IBS Must Order 3rd Party Reports

 

Property Types

Multifamily – Apartment Buildings

Office Buildings

Mixed Use

Retail

Strip Centers

Mobile Home Parks

Garage & Auto Repair

Light Industrial/Warehouse

Storage Facilities

 

 

Initial Required Documentation Checklist:

Loan Summary Overview form (use the form that best applies to your deal)

Loan Application

Recent Personal Financial Statement

Color photos of interior/exterior of property

Last 2 years business tax returns for project if it is an income producing property

 

 

Contact Us

Institutional Banking Services, N.A. CORP

401 E Las Olas Blvd Suite 1400

Fort Lauderdale, FL 33301

 

Phone: +1 954 889-5827

Email:info@myinstitutionalbanking.com

 

Or use our contact form.

Expert Advice & Guidance

Life is full of surprises. Rely on our Relationship Managers, Attorney's, CPA's, Real Estate Brokers, Insurance Agents and Advisors to provide you with sound financial advice that won't leave you scratching your head. We'll explain your options in uncomplicated terms. Learn more.

News

Stay informed of new opportunities in the market and developments at our firm.

 

Announcements

Connect with Us.

Print Print | Sitemap
© Content copyright 2016. Institutional Banking Services, N.A. CORP All rights reserved. This website is intended for informational purposes only. Despite our efforts to be accurate, these pages may contain errors and information that is no longer current. The information published on this website is subject to change on a regular basis without notice.