All the information provided here designed to be used as a general rule of thumb in preparation for capital requests. However, in order to obtain the latest commercial market news, please check our commercial blog or visit our discussion forum as we update these sites daily. And don't forget, our commercial mortgage planners will be happy to take your call should you wish to speak with a representative directly.

Commercial Property Types:

• Office
• Retail
• Industrial
• Owner-User
• Mobile Home Park
• Flagged Hotel
• Self Storage
• Mixed Use

General Lending Parameters:

1. No DTI / No Ratio
2. Borrower's income not needed for Loan Qualification
3. Max Amortization up to 30 years
4. Min DSCR >= 1.25x 
5. Max LTV <= 75%
6. High LTV Loans up to 90%
7. Fixed Rate Hybrid Loans including 3, 5, 7 and 10-Year Fixed
8. Conduit PLUS program with No Defeasance
9. Net Cash Flow calculations include reserves for Vacancy, Management and Replacement Reserves.
10. Tenant Improvement and Leasing Commission costs (TILC's) may be waived for certain loan programs.

Commercial Property Types include:

OFFICE
Central Business District (CBD) Office
Suburban Garden Office
Suburban High Rise
Medical Office
Other Office
 
RETAIL
Grocery Anchored Retail
Other Anchored Retail
Free Standing Retail
Strip Center Anchored
Strip Center Unanchored
Mall Super Regional
Mall Regional
Specialty Center
Unanchored Retail
Single Tenant Investment (Credit Tenant Lease)
Single Tenant Non-Investment
Outlet Center
Other Retail
 
INDUSTRIAL
Industrial Warehouse (Single-or Multi-Tenant)
Manufacturing
Research & Development
Flex Space
Light Industrial
Heavy Industrial
Other Industrial
 
MOBILE HOME PARKS
MHP 1 Star
MHP 2 Star
MHP 3 Star
MHP 4 Star
MHP 5 Star

HOTEL (Must be Flagged)
Full Service Luxury
Full Service Resort
Full Service Midscale
Limited Service Midscale
Limited Service Economy
Limited Service Extended Stay
 
SELF STORAGE
Mini-Storage
Climate Controlled
Other Self Storage

Value ADD Financing

Cascade Financial provides financing for value-added or opportunistic real estate transactions on a nationwide basis. CF&C provides a unique private financing alternative to developers and operators, enabling them to seize new opportunities and/or add value to their existing projects.

Our principals and partners have considerable experience in developing and managing significant real estate projects from coast to coast. We provide non-conventional financing options that commonly require quick closings (often within two weeks). Our debt and equity programs are often non-recourse, and are uniquely flexible in terms of size, maturity, structure, leverage and product type.

Multi Family (Greater than 5 units)

• No DTI / No Ratio
• Borrower's income not needed for Loan Qualification
• Max Amortization up to 40 years
• Min DSCR >= 1.15x 
• Max LTV <= 80%
• Fixed Rate Hybrid Loans including 3, 5, 7, 10 and 15-Year Fixed
• Net Cash Flow calculations include reserves for Vacancy, Management and Replacement Reserves ($200-$300/unit)
• Interest Only Program
• Conduit Advantage program with the lowest rates
• Conduit PLUS program with No Defeasance

Property Subtypes include:

• Low, Mid & High-Rise Apartments
• Student & Military Housing
• Mixed Use considered with no more than 25% of the income from commercial tenants.
• Note: Properties with SRO, shared bathrooms/kitchens or weekly occupancy patterns are not acceptable.

Operating Performance

• The property will show strong operating performance with no material declines in revenue and net operating income over the past two years.
• The properties occupancy will be at or above the local markets average occupancy with no material declines over the past two years; however, newly constructed or recently rehabilitated properties which have not reached stabilized occupancy will be considered on a case by case basis.
• Borrower and property manager should have experience in owning and/or managing similar properties in comparable markets.

Property Condition and Characteristics

• Post 1980 construction is preferred.
• Older properties in good repair and having undergone material renovations within the last ten years.
• The remaining useful economic life of the property shall not be less than the amortization period as determined by the Appraisal or Engineering Report.
• Building design, floor plan, technological capabilities and amenities will be appropriate for the immediate market area.
• No material required repairs or deferred maintenance, unless satisfactory reserves are established.

Market

• Established or emerging market with a minimum MSA population of 20,000 is preferred.
• Diverse employment and/or economic base.
• In fill locations that are reasonably insulated from the threat of new supply are preferred.
• Property should be located near, and easily accessible to major highways/freeways, employment sources and other demand generators.

Non-Recourse Commercial Lending
A nonrecourse debt or nonrecourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. Non-recourse debt is typically used to finance commercial real estate and similar projects with high capital expenditures, long loan periods, and uncertain revenue streams. Because most commercial real estate is owned in a partnership structure (or similar tax pass-through), non-recourse borrowing gives the real estate owner the tax benefits of a tax-pass-through partnership structure (that is, loss pass-through and no double taxation), and simultaneously limits personal liability to the value of the investment. Find out more today.

Churches- One of our specialties. Please call for more information.

100% (Nothing Down) Commercial Loans-This is a absolutely powerful loan product! Please call for more information.