Specializing in many types of financing programs, including working with a Non-recourse loan (Non recourse loan), Apartment mortgage loan, Joint venture real estate, Commercial equity loan, Commercial rehab loan, Structured financing, and Shopping center loan. Of course we're known for our experience in dealing with: land development loans, hard money loans, apartment loans, industrial building loans, and real estate equity.

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income property > B and C Property Loans

B & C Property Loans

Several programs exist to assist with properties commonly referred to a “B or C”, those properties not classified as an “A” due to age, location, type construction, etc. Rates are very competitive and the underwriting is often much easier.

Product Description B & C Property Loans for purchase, refinance cash-out or minor rehab.
Minimum Loan Amount $1,000,000
Maximum Loan-to-Value 75% commercial; 80% apartments
Minimum Debt Service Coverage 1.20
Loan Terms 10 years; 7 & 15/15 terms available
Loan Fee 1%
Amortization 25 – 30 years based on age & condition

Multifamily Interest Rates

Commercial Interest Rates

Prepayment Declining percentage over 3 to 5 years
Secondary Financing Generally permitted with Lender approval
Assumability Allowed with approval for 1% fee
Borrower Any Legal Structure
Recourse Generally required but may be negotiable
Lending Area Nationwide, prefer population centers

Grace Capital has extensive resources to structure your financing requirements. The best method is to contact an Account Executive for details.

Please contact an Account Executive

Rate and terms subject to change without notice

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Other programs include: non-recourse loan | apartment mortgage loan | joint venture real estate
commercial equity loan | commercial rehab loan | structured financing | shopping center loan

Need to discuss a transaction? Please contact an Account Executive.

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