Bank Alternative Loan Program
For cash-out, refinance and acquisition
- Nationwide
- May require tax returns
- 620+ credit
- Property types: multifamily, mixed-use, commercial condo, student housing, office, retail, self-storage, warehouse, mobile home/RV parks, industrial, automotive, gas stations, medical offices, cannabis related properties, restaurants (including quick-serve), parking lots, garages and other special use properties case-by-case
- 80%+ leased (lower LTV’s for vacant and low occupancy)
- Loan amount: $1 Million to $15 Million+
- 4.25% to 6.25% (varies with property type, LTV, location, credit score and underwriting)
- Origination: Varies
- Refinance and cash-out up to 75% of appraised value
- Finance up to 80% of purchase price
- Terms: 5, 7 or 10 years
- Amortization: 30 years
- Prepayment: flexible
- Loans funded in 3 to 6 weeks
- No upfront fees.
To submit your online loan request, click the blue GET STARTED Link for your PRE-APPROVAL Term Sheet within 48 business hours. No credit cards, Social Security Numbers or credit checks are required for PRE-APPROVAL.
