Pender Capital offers commercial lending services for LLCs, corporations, partnerships, trusts, estates, foreign nationals, and TIC’s for commercial real estate ranging from $1,000,000 to $10,000,000.

Geographic Areas: Nationwide (Restrictions Apply*)
Borrower Types: Individuals, LLCs, Corporations, Partnerships, Trusts, Estates, Foreign Nationals, and TIC’s
Property Types: Retail, Multifamily, Office, Hospitality, Self Industrial, & MHP
Strategies: Core, Core Plus, Add Value & Opportunistic
Purposes: Acquisition, refinance, discounted payoff, rehab, conversion, re-positioning & note hypothecation
Loan Amounts: $1,000,000 to $15,000,000 (On a case by case basis, we will underwrite loan amounts that are larger and smaller than these caps)
Loan to Value: Up to 65% (70% in select cases with strong compensating factors)
Loan to Cost: Up to 75% (if underlying LTV remains at 65% or less)
Debt Coverage: 1.30 preferred (< 1.0 in select cases)
Term: 12-24 months (extension options available)
Closing Fees: Borrower pays all third party fees including title, escrow and docs
Structuring: Deferred interest available.

*Please contact your Pender Capital representative for details.