Select Program

Advantage Select is a non-recourse, fixed-rate loan program designed to dramatically lower borrower costs and streamline application, underwriting, and closing processes.

Loan Size
$1 million to $5 million

Location
Nationwide

Property Types
Multifamily, mobile home communities, unanchored and anchored retail, multi-tenanted industrial and office space, self storage, and freestanding drugstores


Term

5-year, 7-year, 10-year

Amortization
Up to 30 years


Rate Lock
Free for 60 days with 2% deposit refunded at closing

Recourse
Non-recourse, subject to standard conduit carveouts

Loan-to-Value
Up to 80%

Prepayment
Defeasance

Commitment Fee
Not required

Closing
Typically 45 days from executed application


Summary of Costs

Fixed Loan Processing Fee:
$15,000 for all property types

Included in Fixed Process Fee:

Third Party Reports

  • Appraisal
  • Property condition assessment
  • Phase I site assessment
  • Lender legal fees
  • Insurance review fee
  • Credit reports/searches