This program offers
high leverage to owner/users of most property types. Loan amounts
to 85%-90% of appraised value may be available providing that the user’s
business cash flows are sufficient to service the debt. This financing
also applies to multi-tenant properties where the owner occupies a minimum
of 50% of the total square footage.
Highlights of this program are a 25 year term with 25 year amortization,
with both fixed and variable rates available. Maximum loan dollars are
best achieved using the variable rate financing. The financing may or
may not have a government guarantee, depending on the strength of the
applicants business. Loans are recourse. Prepayment penalties
are usual through the fixed rate portion of the loan.
To determine eligibility, three years of Federal tax returns are required
for both the business and the owner, as well as a detailed outline of
the financing currently in place.
Grace Capital has extensive resources to structure your financing requirements.
The best method is to contact an Account
Executive for details.
contact an Account Executive
and terms subject to change without notice