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
$300,000 to $15 Million
Rates & Terms:
From 4.5% with 7, 10 and 15 year terms, 30 year amortization
Office, Industrial, Retail, Multi-Family, Mobile Home Parks, Assisted Living, Nursing Homes,Convenience Stores, Auto Service Facilities, Grocery Stores and Funeral Homes
1.2 Debt service coverage. Will do “storied credits” with a proven turnaround in place. Strong guarantors required.