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 25 year fixed rates, to fully liquidating loans with terms of 20 to 25 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 (07/30/2010)
- Apartments 4.84%
- Mobile Home Park 5.04%
- Anchored Retail 5.49%
- Non-Anchored Center 5.14%
- Single Tenant Retail 5.09%
- Office 5.14%
- Industrial / Flex 5.04%
- Self-Storage 5.44%
- Medical Office 4.94%
- Hotel 6.94%
- Owner Occupied 4.94%
- Land 8.94%
- Other 6.69%
Rates are based on a $2 million loan, 25 year amortization, 10 year fixed rate term. For apartment complexes, a 30 year amortization is available.
Current News
The Second Quarter Ended on a Soft Note
The economic data out of Europe also brightened significantly, reducing market fears of a double-dip in Europe.