Permanent Loans
In the current interest rate environment, with long-term rates at or near historic lows, it is to most borrowers' advantage to lock in a fixed rate rather than deal with the uncertainty of an adjustable rate mortgage. Additionally, an interest only component is available in most cases, if desired.
We have a variety of loan products available from loans with 1 to 15 year fixed rates, to fully liquidating loans with terms of 20 to 30 years. The availability of the various loan types depends upon your specific project. We will work with you to structure the loan rate, term and amortization to suit your particular needs.
Please see our current rate page to view rates available today for various loans.
Current Rates (05/09/2008)
- Apartments 6.00%
- Mobile Home Park 6.10%
- Anchored Retail 6.25%
- Non-Anchored Center 6.25%
- Single Tenant Retail 6.25%
- Office 6.25%
- Industrial / Flex 6.25%
- Self-Storage 6.55%
- Medical Office 5.90%
- Hotel 6.75%
Rates are based on a $2 million loan, 30 year amortization, 10-year fixed rate term.
Current News
Economy: Atypical Recession - Atypical Recovery
The current recession (whether labeled as such by the NABE) started differently than most. This makes it likely that it will end differently than most. (more in rates and news)