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 $10,000,000 (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.