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Light Industrial Commercial Loans in All 50 States
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Brokers welcome. We pay commissions on all closed loans.
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Capital Markets Financing for small and mid-sized market sectors. Call Greg Burckle 800-254-9659 ext 104
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Structured as a privately held independent commercial mortgage banking firm, USA Mortgage Corp. offers a diverse mix of commercial real estate loans to meet the individual borrowing needs and investment objectives of its borrowers, for both investment and owner-occupied commercial properties.
Conforming Commercial Loan Program
USA Mortgage Corp. is a conduit lender for conforming, owner-occupied - bank based - commercial loan program. However, unlike traditional banks, USA Mortgage Corp's commercial loans are funded with off-balance sheet assets, which means borrowers get the low fixed-rates of traditional bank lending with less restrictive underwriting guidelines, higher LTVs, and 30 year terms.
- From $500,000 - $10,000,000
- 25% or Greater Owner-Occupied or Non Owner Occupied Properties
- Traditional Commercial Properties Only
- 15, 20, 25, & 30 Year Amortizations
- 3, 5, 10, 15, 30 Year Fixed Rates
- Up to 80% LTV / 90% CLTV
- Rates based upon 10 year Treasury Bills
- No Balloons or Calls
- Cash Out to 80% of Loan Amount
- Fixed Declining Prepayment
Minimal Impound Reserves
- Full Document - Personal Recourse
- Minimum 640 Credit Score
- 3 Years of Historical Income Req.
- Low Minimum 1.25 DSCR
Conduit Office Loan Program Overview
USA Mortgage Corp's Conduit Office Loan Program provides permanent fixed rate financing and suburban single tenant, multi-tenant, and credit tenant office properties. Office loans are available in most market sectors for stabilized properties with a demonstrated ability to re-lease at market rates.
In addition to the office conduit loan program, We provide office commercial loans through its traditional commercial loan program. For office loan sizes under $1 million please visit our small balance plus office loan program.
For single tenant or anchor tenant properties, lease terms should extend past the fixed term of loan.
- Loan Size Loan sizes starting at $1 million
- Pricing Tiered pricing based on LTV and DSCR
- 110-155 above comparable "on the run" Treasury rates
- Rate buy downs are available
- Location Located in mid to large market sectors and small market sectors with strong sponsorship.
- Loan Terms 5-20 year fixed terms with 25-30 year amortizations
- Prepayment Defeasance
- Personal Guarantees Non-recourse with standard carveouts
- Minimum DSC 1.25
- Loan-to-Value Maximum 80%
- Rate Lock 30-day forward lock available with U/W approval
- 2% commitment deposit credited at closing.
- Occupancy Requirements Stabilized properties with staggered lease expirations.
- Impounds Taxes, insurance, tenant improvements, replacement reserves,
- 125% for needed repairs.
- Preliminary Submission Package For a Conduit Office Loan: Include the following in your request for a conduit office building loan quote:
- 1. Property description and location map
- 2. Representative color photographs
- 3. Current rent roll and year-to-date operating statement
- 4. Operating history - prior 3 years, if available
- 5. Current year operating budget
- 6. Existing debt and cost basis
- 7. Sponsor resume
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