Programs

Typical Protocols

Small-Balance Commercial

The Small-Balance program underwriting utilizes a pioneering technique to commercial asset financing called the debt-to-income (DTI) approach. It is used in owner-occupied property and has the flexibility to factor in the borrower's personal financial strength. The same technique is utilized in tenant occupied property along with factoring in the DSCR (debt-service-coverage-ratio) when evaluating the ability to repay the loan. So unlike traditional commercial lenders, we have no minimum debt-service requirements. As a result, the program offers many innovative features and benefits you're not likely to find elsewhere.

• Loan Size: $100,000 to $1,500,000 (Full Doc to $5 Million; Stated Doc to $3 Million)
• Loan Terms: to 30 years
• Owner-Occupied or Tenant-Occupied
• Unlimited cash-out re-fi
• Flexible rate & term options **call for terms
• No balloon payments
• Assumable with lender approval
• Fast Closings
• Minimum credit score - contact us for more info
• Property Types - multifamily, retail, office, mixed-use, warehouse, gas station, automotive, mobile home park, restaurant and more.

Printable Brochure

CTL Program - Credit-Tenant Net Lease

The CTL program allows borrowers to finance real estate investments secured by long-term double and triple net leases to acceptable tenants (generally investment grade) offering lower interest rates, longer terms, and higher leverage than traditional mortgage debt. Additionally, under this program, we have the ability to finance net lease deals with tenants that are considered below investment grade, especially if they are known and recognized entities.

• Loan Size: $1M minimum; no maximum
• Loan Term: Up to 25 yrs
• Amortization: Up to 30 yrs
• Targeted LTV: 80%
• Minimum DSCR: 1.10
• Recourse Options: Non-Recourse except standard "carve-outs"
• Prepayment: Typically locked for 2 - 4 yrs, then yield maintenance or defeasance

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Bridge Financing

The Bridge Financing program provides short-term commercial loans secured by all types of commercial real estate. The program ranges in size from $500,000 to $50,000,000.

• Loan Size: $500,000 to $50,000,000+
• Loan Term: 1-3 years
• Amortization: Interest Only
• Loan to Value: Up to 75%
• Origination: 2-5% taken at closing from loan proceeds
• Closing Terms: As little as 7 business days
• Interest Rates: Call - rates vary depending upon collateral types

Printable Brochure

Permanent C/I Loan Program

Penn Realty Advisors, through its significant affiliation with major lenders has great access to capital and loan products. This means customers receive the most favorable terms and financing options available through a single origination source - PRA. As a result of these relationships with life insurance companies, conduits and banks, clients have access to a dependable source of debt and equity solutions that are required in today's real estate market.

• Loan Size: Minimum $500,000 to $100,000,000+
• Loan Terms: Up to 30 years
• Amortization: Varies depending on type and size
• Loan to Value: Up to 75%
• Interest Rates: Call - rates vary depending upon collateral
• Recourse Option: Recourse and non-recourse
• Property Type: Office, Multifamily, Mobile Home Park, Retail, Industrial, HealthCare, Self Storage, Hotel Mixed-Use.

Printable Brochure

Sale/Leaseback Program

A sale/leaseback is a financing tool providing an opportunity to raise cash for your business. It literally allows the business owner to raise capital to 100% of equity. The real estate asset, owned by the business enterprise, is sold to an outside interest, which leases it back to the business.

The advantage to this arrangement include the ability to free up capital from a non-earning asset allowing the business unit to invest in business expansion, retire debt, repurchase stock, or all of the these. Properly structured the arrangement should result in an improved financial statement.

The sale/leaseback is structured similar to a Credit-Tenant Net Lease program, but the leaseback will vary depending upon negotiated terms, credit worthiness and conditions of the arrangement.

Printable Program Information

For more information about these programs, please contact us.

Notice: The terms, rates and conditions, above mentioned, are subject to change without notice. All protocols are typical, but should be verified.

• Acquisitions
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• Due Diligence
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• Financing
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• Strategic Planning