Programs

Small-Balance Commercial

The Small-Balance Commercial program underwriting utilizes a pioneering approach called the debt-to-income (DTI) approach. It has the flexibility to factor in the borrower's personal financial strength - as opposed to just the property's cash-flow - 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 (Jumbos to $5 million)
• Loan Terms: to 30 years
• Minimum down payment - 3%
• Unlimited cash-out
• Flexible rate & term options **call for terms
• Fast Closings
• Minimum credit score - 580
• Property Types - multifamily, retail, office, mixed-use, warehouse, gas station, automotive, mobile home park, restaurant and more.

See Terms

Contact us for more information about our unique small balance mortgage program, terms and rate quote.

Credit-Tenant Net Lease Program

The Credit Tenant Net Lease financing program allows borrowers to finance real estate investments secured by long-term triple net leases to acceptable tenants (generally investment grade) offering lower interest rates, longer terms, and higher leverage than traditional mortgage debt.

• Loan Size: $1M minimum; no maximum
• Loan Term: Up to 25 yrs
• Amortization: Up to 30 yrs
• Maximum LTV: 100%
• Minimum DSCR: 1.05
• Recourse Options: Non-Recourse except standard "carve-outs"
• Prepayment: Typically locked for 2 - 4 yrs, then yield maintenance or defeasance

Contact us for more information, terms and rates.

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: 1-3% taken at closing from loan proceeds
• Closing Terms: As little as 5-7 business days
• Interest Rates: Call - rates vary depending upon collateral types

Commercial / Investment Loan Program

Penn Realty Advisors, through its significant affiliation with several major lenders has a 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, mezzanine lenders, equity providers and banks, clients have access to a dependable source of debt and equity solutions that are required in today's fast-paced real estate market.

• Loan Size: Minimum $1,500,000 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.

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 and conditions of the arrangement.

√ PRA Sale/Leaseback Program

• Acquisitions
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• Due Diligence
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• Financing
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• Strategic Planning