Considering purchasing or refinancing investment real estate and require financing under $7MM? Since launching its $225MM SBIR IV Fund in 2014, IBS, N.A. has emerged as a national leader in the originations of commercial & investment real estate loans under $7MM Take advantage of our Small Balance program that is designed to capture financing oppotunities which were passed on by depositry lenders.
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 $7,000,000
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: 630
-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
- Foreign National Financing Max CLTV of 60%
Property Types
Multifamily – Apartment Buildings
Single Family Investment Properties
Office Buildings
Mixed-Use
Retail
Mobile Home Parks
Garage & Auto Repair
Light Industrial/Warehouse
Storage Facilities
Learn more about the IBS, N.A. affiliated companies who make us the chosen partner for over 7,000 professional real estate investors. Visit IBS Investment Bank at www.ibsinvestmentbank.com or IBS Real Estate Investment Company at www.IBSREICO.com
Learn more about our nation-leading investment real estate lending programs via the links below and reach out to a Relationship Manager for more information: