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Key Loan Terms
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Property Types |
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Apartments, retail, industrial, office, and condominium
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Transaction Types |
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Acquisition, construction, renovation, refinance
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Territory |
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Nationwide
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Security |
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First and second mortgages
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Loan Size |
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Prefer $10,000,000 to $40,000,000
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Funding Time |
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30 days typically, can close faster under certain circumstances
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Borrower Profile |
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Prefer entrepreneurial, hands on leasing and management, proven experience, local market presence, creditworthiness
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Leverage |
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Up to 85% of stabilized value, condos to 75% of gross sellout
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Pay and Accrue |
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Offer pay rates and accrual features when cash flow is insufficient to cover debt (accrual limited by Loan to Value)
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Fee |
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Minimum fee of 1%
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Additional Interest |
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None
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Rate |
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Floating over 30 day libor
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Term |
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6 months to 5 years
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Recourse |
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Recourse and non-recourse options
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Prepayment |
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Open to prepayment after the 6th month, terms are negotiable |
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IMCC thinks like a borrower and makes deals
To start the clock on your deal, call or write:
Patrick O'Meara - Vice President, National Director of Originations
pomeara@inlandmtg.com
Phone: (630) 218-4923
Fax: (630) 218-4961
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