Conventional Loans
Our Conventional Lending Program is a long-term permanent financing solution for investment or business owner occupied commercial properties. Our conventional loans are from $1,000,000 to $20,000,000 with rates as low as 8.99% and an amortization of up to 25 years with a term of 5, 7 or 10 years. Our conventional program is a great solution for borrowers who fall short of qualifying for a traditional bank or SBA loan as a result of a sub 680 FICO score or a sub 1.25 debt service coverage ratio (DSCR), or other underwriting factors often found with traditional conventional loans.
Conventional Loan Parameters
Alliance Business Capital works with a handful of Commercial Real Estate Lenders offering Conventional Loans. The below Conventional Loan Parameters are our primary lending partners criteria and are subject to change at lenders discretion.
| Maturity & Amortization: | 5,7,10 Years with up to 25 Year Amortization |
| Maximum Loan Amount: | $20,000,000 |
| Minimum Loan Amount: | $1,000,000 |
| Maximum LTV: | 70% |
| Eligible Use of Proceeds: | Purchase, Refinance, Cash-Out Refinance |
| Collateral: | 1st TD on Commercial Real Estate |
| Primary Property Types: | Multi-Use, Warehouse, Office, Industrial, Medical Office, Flex, Auto Body, Office Condo, Retail, Restaurant, Urgent Care, Surgery Center |
| Secondary Property Types: | Mini Storage, Cold Storage, Auto Repair, Car Dealership, Assisted Living Facility and Hospitality on a case-by-case basis |
| Multi-Family: | Apartment Buildings, Garden Apartment Complexes, Multi-Unit Buildings of 5 or more |
| Rates: | Down to 6.50 |
| Guarantees: | Full Recourse |
| Underwriting Requirements: | Minimum 625 FICO Minimum Debt Service Coverage of 1.00x |
| Loan Fees: | Alliance - 1% to 3% Lender - as low as 1% |