Phone: (323) 728 - 7700 Fax: (323) 908 - 4006
Commercial Loan Programs
Rates updated: August 13, 2010
*Due to Market Conditions
All Margins subject to change
$1,000,000 - $5,000,000
up to 70% Loan to Value
25 year Amortization - 10 year Term
ADJUSTABLE
* Margins subject to change
|
|
Rate | Margin | Prepay |
| 12 MAT | 6.00% | 4.50 | LO, 1, 1, 1, 1 |
| 6 Mo. Libor | 6.00% | 4.20 | LO, 1, 1, 1, 1 |
|
POINTS |
1.00 |
Floor: 1% below Initial Interest Rate, but not less than 4.50%
Ceiling: 5% above initial interest rate, but no less than 10.50%
FIXED
* Margins no longer quoted on fixed
|
|
Rate |
Prepay |
| 5 yr. Fixed | 7.30% | 5,4,3,2,1 |
| 7 yr. Fixed | 7.70% | 2yr LO,5,4,3,2,1 |
| 10 yr. Fixed | 7.95% | 5-5-4-4-3-3-2-2-1-1 |
|
POINTS |
1.00 |
* Fixed Rate Program Converts to Adjustable for the remaining term based on the Margin for the corresponding index
$500,000 - $5,000,000
30 year Fully Amortized
FIXED
* Margins no longer quoted on fixed
|
|
Rate |
Prepay |
| 3 yr. Fixed | 7.25% | 3-2-1 |
| 5 yr. Fixed | 7.75% | 4-3-2-1 |
| 7 yr. Fixed | 8.00% | 4-4-3-3-2 |
| 10 yr. Fixed | 8.25% | 5-5-4-4-3-3-2-1 |
|
POINTS |
1.00 |
* Fixed Rate Program Converts to Adjustable for the remaining term based on the Margin for the corresponding index (6 Mo LIBOR or 1 Mo. COFI)
65% LTV
DCR: 1.30
$500,000 to $5,000,000
* Margins no longer quoted on fixed
One Point
|
|
3yr. Fixed (CMT) |
5yr. Fixed (CMT) |
7yr. Fixed (CMT) |
10yr. Fixed (CMT) |
15/15 Fixed (CMT) |
Rate |
6.25% |
6.25% | 6.51% | 6.94% | 7.38% |
Margin over LIBOR after Fixed period |
4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
|
Prepayment
Penalty |
2-1 | 3-2-1 | 4-3-2-1 | 5-4-3-2-1 | 5-4-3-2-1-1-1-1 |
30 year Fully Amortized Loan maximum
up to 55% Loan to Value
Adjusts quarterly with a .5% periodic cap and life cap of 11%
1.35 Debt Coverage Ratio
Loans are Fixed for the term mentioned above, then convert to variable for the remaining term.
$250,000 - $2,500,000
25/10
ADJUSTABLE
| Index |
|
Floor Rate |
Prepay |
| 3 Mo. LIBOR |
4.50% |
5.25% | 1% exit fee |
| Points: 1.00 |
Adjusts Quarterly at .50% Cap per quarter
Annual Rate Cap Adjustment: 2.00%
Lifetime Rate Cap: 11.25%
FIXED
* Margins no longer quoted on fixed
|
|
Rate |
Prepay |
| 3 yr. Fixed | 7.00% | 3-2-1 |
| 5 yr. Fixed | 7.38% | 5-4-3-2-1 |
| 10 yr. Fixed* | 7.75% | 5-4-3-2-1* |
|
POINTS |
1.00 |
* 10 year Fixed Rate Program resets interest & Prepay every 5 years
60% LTV - Purchase
DCR: 1.35
Small Loan Program
$100,000 - $1,000,000
|
|
Rate |
Margin over PRIME after Fixed period | Prepay |
| Adjustable | 5.25% | 2.00 | 5% |
| 3 yr. Fixed Hybrid | 6.75% | 2.00 | 5% |
| 5 yr. Fixed Hybrid | 7.75% | 2.00 | 5% |
|
POINTS |
2 - 3 |
30/15 year Term - Hybrid Program
up to 65% Loan to Value
Adjustable Loans can covert to fixed for a $500 fee
Adjustable Margin is 2.00+ PRIME
Prepayment Penalty can be waived for a 2 point fee
1.35 Debt Coverage Ratio
Loans are Fixed for the term mentioned above, then convert to variable for the remaining term.
LOAN FORMS
Required Documentation Checklist
Checking and Savings Account Schedule
Authorization to Release Information
Financial Statement Certification
Confidential Information Statement
Rates updated: August 13, 2010