Property Type
  • Apartments
  • Industrial
  • Land Acquisition & Development
  • Mixed-Use Properties
  • Office
  • Retail
Territory
  • Primary: Cook County
  • Secondary: Six-County Chicagoland Area
Loan Size
  • Preferred Range: $200,000 to $5,000,000
Loan Term
  • Lines Of Credit: Up to One Year
  • Construction: Up to 2 Years
  • Term: Up to ten year maturities with fixed rate, floating rate or ARM pricing.
Interest Rate
  • Floating: Based on The Wall Street Journal Prime
  • Adjustable: Based on The Corresponding U.S Treasury Note Yield (1yr to 5yr)
  • Fixed Rates: Up to 5 years fixed
  • (Interest rates are negotiated on a case-by-case basis. We consider risk and the depository relationship that you establish with the bank.)
Amortization
  • Lines of Credit: Interest only.
  • Construction: Up to 24 months of interest only payments.
  • Term: Typically 20 to 25 year schedules with a balloon payment.
Loan Fee
  • Negotiated on a case-by-case basis.
  • Loan Fees based on loan term, risk and deposit relationship established at the bank. Borrower may buy-down the loan fee by paying a higher interest rate.
Recourse
  • Yes
Loan To Value (LTV)
  • Up to 75%
  • LTV may vary depending on collateral condition and market parameters.
Loan To Cost
  • Up to 75%
  • Guideline varies similar to LTV guidelines.
Debt Service Coverage
  • 1.2 apartments & 1.25 other. Guideline varies similar to LTV guidelines.