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.

return to the home page
return to home pageloan programsfinancing newscurrent market ratesmortgage tools

 

income property > small conduit loan programs

Small Conduit Loan Programs: $2MM & Under


The program provides all the benefits of a large loan program but limits the work, time and costs involved in the underwriting process. Rates are fixed for programs of 5, 7 or 10 years with 25 or 30 year amortization dependent upon loan product. Rates are based on a margin over the corresponding treasury bill and competitive with large loans. However, the underwriting fees, including legal, are capped generally around $10,000 which makes this financing most attractive. Third party reports are limited to appraisals and environmental, and loan documents are simplified. Minimum financing is $1,000,000, loan fee is 1%.

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

Product Description Small Conduit Loan Programs:  $2MM and Under
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
Rates

10 - 25% to Regular Conduit Program for Small Loan Program: View 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

 

Please contact an Account Executive

Rate and terms subject to change without notice

income property loan programs
hard money loans
land financing programs
capital structures programs
credit tenant financing programs
mortgage purchase programs
     

 


Pray for our Nation

World Vision

Operation Christmas Child

 
company profilecontact usapply onlinesubscribe to financing newsletter

home | loan programs | GCG news | interest rates | mortgage financing tools | apartment loan | income property loan programs
land development loan | land financing checklist | real estate equity & capital structures | credit tenant loans
hard money loans | about us | contact us | apply online | link resources

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.

© 2011 Grace Capital Group, Inc., Orange County, CA. Please read our Website Legal Disclaimer.
Grace Capital Group is licensed by the California Department of Real Estate.

 

e-mail Grace Capital Group Prayers, History and Ways To Help