Permanent Bank Loans

Permanent Bank Loans provide competitive rates for stabilized buildings and A credit borrowers in need of permanent financing.


Purpose

Income producing property purchase and refinance transactions. Cash-out available.


PROPERTY TYPES

Multifamily, Manufactured Home Communities, Office, Retail, Industrial, R&D Flex, Self-Storage, SFR Rentals.


LOAN SIZE

$50,000 - $50,000,000
Capital requests in excess of 50M are available.


TERM

3 - 30 Years


AMORTIZATION

25, 30 & Interest Only


RATES

Starting at 3.5%
Rates are based on location, building quality, and leverage.


MAX LOAN-TO-VALUE

80%


PREPAYMENT

Loans can be structured with or without a prepayment penalty.


FEES / POINTS

0% - 2%
Points vary based upon property location, property type, income, and borrower financials. No point loans can be structured on select properties.


CLOSING TIME-FRAME

45 - 90 Days
Loans are typically closed in 4 - 8 weeks from application.


FULL APPRAISAL

A full appraisal is required for all Primary Lender LLC Bank loans.


CUSTOMIZATION

Recourse and non-recourse available. Additional income property types considered on a case-by-case basis. Underwriting deposits may be required depending upon property location and deal type. Terms and conditions subject to change.


Property Types

Multifam-green

Multifamily

Office-green

Office

Vendor-green

Retail

Industrial-green

Industrial

Storage-green

Self-Storage

House-green

Manufactured Housing

Hotel-green

Hotel / Motel

 

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Permanent Financing

Long-term permanent loans typically have a maturity period of 5 to 30 years. In real estate projects, permanent financing is obtained after completion of construction, rehab, or the property has been leased-up to a point where net operating income supports standard bank debt service requirements. Permanent loans offer lower rates with longer terms, but do required properties to be stabilized, with good credit borrowers. Permanent loans are used to pay-off short-term bridge loans.