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California Commercial Loans

Low Rates. Limited Prepays. No Balloons.

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Commercial Mortgage Loans
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California Commercial Loan Program

Crefcoa provides commercial mortgages for commercial properties located in California through its Cal Series Commercial Loan program. This highly competitive program provides low fixed rates, ability to lock rate at application and fixed rate terms up to 15 years. Cal Series is available for commercial mortgages for California commercial properties only. For apartment or multifamily properties located in California, visit our California Apartment Loan Center.
  • Available in coastal California markets and major secondary markets
  • Fully amortizing commercial loans
  • Up to 15 year fixed rate terms
  • Interest rate lock at application
  • Declining prepay penalty
  • Up to 75% LTV
  • TI/LC impounds not required
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California Commercial Loan Program Guidelines

  • Loan sizes from $1,000,000 - $10,000,000
  • 3, 5, 7, 10 and 15 year fixed rate terms
  • 30 year amortization
  • 75% maximum LTV
  • 1.30 minimum DSCR
  • Step down prepayment premium
  • Recourse (non-recourse on exception basis)
  • 90 day rate lock at application
  • Loan converts to adjustable at the end of the fixed rate term (no balloon)
  • Adjustment based on the 6 Month LIBOR
  • Quarterly adjustments
  • .5% max cap per adjustment
  • 10% lifetime ceiling
  • Impounds for taxes only. No tenant improvement or capex impounds
Flexible Short Term Prepays
  • 3-Year Fixed Term: 2, 1
  • 5-Year Fixed Term: 3, 2, 1
  • 7-Year Fixed Term: 4, 3, 2, 1
  • 10-Year Fixed Term: 5, 4, 3, 2, 1
  • 15-Year Fixed Term: 5, 4, 3, 2, 1, 1, 1, 1
Multi-Tenant Retail Eligible Commercial Property Types
  • Must be 1950s or newer construction, or recently renovated
  • Un-Anchored or Anchored Shopping Center or Retail Centers
  • Shadow Anchored Retail
  • In-Line Between Anchors
  • Pad Building to Regional Center
Multi-Tenant Industrial Eligible Property Types
  • Incubator Buildings
  • Warehouse
  • Light Manufacturing
  • Concrete Tilt Up or Wood Frame - No Metal Construction
  • Light Industrial Zoning - No Heavy Manufacturing
Multi-Tenant Office / Medical Eligible Property Types
  • Major Business Center Markets
  • Class A and B Elevator Served Buildings
  • Above Average Access/Visibility/Parking
  • No Single Tenant or Office Condo
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Learn more about Crefcoa's commercial loans and apartment loans by visiting our home page. Commercial mortgage loan program availability may vary depending on property type, state, population, economic conditions, exposure, and other variables that may negatively influence risk. Program rates, terms, and conditions are subject to change without notice.

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