SD COMMERCIAL FINANCE

Commercial Real Estate Loans $1 Million+

We use a variety of capital sources for commercial real estate loans over $1 million including conduit lenders, life companies, banks and hard money sources.

Below is a quick matrix of representative underwriting standards although each loan is individually underwritten and subject to additional terms and conditions.

LAND DEVELOPMENT
See Hard Money

MULTI-FAMILY
Loan Term: 5, 7, 10, 15, 20 years
Standard Loan-to-Value: 80% up to 85%
Minimum DSCR: 1.20x
Maximum Amortization: 40 years

NNN CREDIT TENANT (Walgreens, CVS etc.)
10 year term with 30 year amortization
80% LTV or more
1.25-1.35 over the 10 year CMT
1.20 DSCR for A credit
Several different programs available.
See NNN Properties.

OFFICE
Loan Term: 5, 7, 10, 15, 20 years
Standard Loan-to-Value: 75%, 80% under some circumstances
Minimum DSCR: 1.25x
Maximum Amortization: 30 years

SELF-STORAGE
Eligible Property Types: All properties; on-site management preferred.
Loan Term: 5, 7, 10, 15, 20 years
Standard Loan-to-Value: 75%
Minimum DSCR: 1.30x
Maximum Amortization: 25 years

RETAIL
Eligible Property Types: Anchored and unanchored with preference for multi-tenant centers.
Loan Term: 5, 7, 10, 15, 20 years
Maximum Loan-to-Value: 70-80%
Minimum DSCR: 1.20-1.30x
Maximum Amortization: 25-30 years

HOTEL
Eligible Property Types: Full service, limited service & extended stay. Flagged or destination resort properties only.
Loan Term: 5, 7, 10, 15, 20 years
Maximum Loan-to-Value: 65-70%
Minimum DSCR: 1.40x
Maximum Amortization: 25 years

INDUSTRIAL
Eligible Property Types: Warehouse, distribution, light industrial, and flex/office facilities; preference for multi-tenant properties.
Loan Term: 5, 7, 10, 15, 20 years
Maximum Loan-to-Value: 80%
Minimum DSCR: 1.20x
Maximum Amortization: 30 years

SPECIALITY PROPERTIES
We can also finance churches, marinas, franchise restaurants, mobile home parks and more.

Do not hesitate to give us a phone call, we are here to help. Contact us.