Commercial Mortgage

For investment or owner occupied commercial real estate that is not desirable for the banks. Pennant has underwriting that is more flexible because this is a non bank credit company. There is no prepayment penalty

Investment Properties & Owner Occupied

Loan Amounts:

$300,000 to $15 Million

Rates & Terms:

From 4.5% with 7, 10 and 15 year terms, 30 year amortization

Property Types:

Office, Industrial, Retail, Multi-Family, Mobile Home Parks, Assisted Living, Nursing Homes,Convenience Stores, Auto Service Facilities, Grocery Stores and Funeral Homes

Underwriting:

LTV:

75%

1.2 Debt service coverage. Will do “storied credits” with a proven turnaround in place. Strong guarantors required.