CONVENTIONAL LOANS
Alliance Business Capital offers Conventional Fixed Rates Loans on select property types as a Commercial Loan Broker.
Conventional Loan Criteria
| Eligible Property Types: Stabilized and near stabilized | Multifamily, Industrial, Office, Retail, Self-Storage, Manufactured Housing, and Hospitality |
| Markets: | Nationwide |
| Fixed Rates: | From 4% |
| Loan Size: | $2 Million to $50 Million with exceptions |
| Loan Purpose: | Acquisition, Refinance, and Recapitalization |
| Terms: | 2-10 year terms 15 year terms on a case-by-case basis |
| Leverage: | Typically 75% Exceptions to 80% in select markets |
| Recourse: | Non-recourse with standard carveouts |
| Prepayment: | Declining payments up to 20% of the loan may be prepaid per year without any prepayment penalty |
| Minimum DSCR: | Multifamily: 1.20x Commercial: 1.30x |
| Minimum Debt Yield: | Multifamily: 6.5% Commercial: 8.0% |
| Interest Only: | Full term and partial interest considered on a case-by-case basis |
| Amortization: | 25-30 years |
| Origination Fee: | Alliance: 1-2% Lender: 0% |
| Borrower: | Single purpose entity required |
| Reserves: | TI/LC, CapEx as applicable |
Questions
If you have any questions about a Conventional Fixed Rate Loan or how to work with Alliance Business Capital, please contact us.