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Sources of Financing
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Sources of Financing United Capital Group, LLC (248-682-6650) is seeking financing opportunities for single-tenant properties and ground leases on investment grade and, on a case-by-case basis, non-investment grade tenants under the following programs: Typical fixed-rate CTL program with the term and amortization commensurate with the primary lease term. Loans can be underwritten with a minimum debt coverage of 1.00x and up to 100% of value; a fixed rate 10-year term with an amortization of 30 years. Loans are underwritten at a debt coverage of 1.20x to a minimum 80% of value; and A/B note structure. Loans can be underwritten with a minimum debt coverage of 1.0x.
Mortgage 20/20 (832-242-5055) offers commercial loans up to 90% LTV for apartment, shopping centers, hotels and motels, office buildings, mixed-use sites, convenience stores, gas stations, industrial buildings/warehouse, dry cleaners, restaurants, condominium conversions and new construction.
Commercial Capital Alliance/Exeter Commercial (516-741-8880) offers loans from $100,000 to $3 million for multi-family, office, retail, industrial and mixed-use sites with a DSCR ranging from 1.20 to 1.25 and LTV of 75% to 80%. The company also offers two, three, five, seven and 10-year ARM products and an amortization of 30 years.
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