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Commercial Mortgage Loans |
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Commercial Real Estate Loans for
Health Clubs and Gyms
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| Through our proprietary online commercial real
estate lending platform (CRELP) we are changing the way
borrowers obtain commercial mortgages for health clubs
and gyms. Commercial loans are available for both
acquisitions and the refinance of health clubs.
Commercial financing
for health clubs and
gyms can be
difficult to obtain
due to the special
use property type
and inherent risk
associated with the
fitness and health
industry.
Crefcoa has
the experience and
knowledge needed to
properly underwrite
and close health
club loans that meet
the requirements of
its borrowers.
Crefcoa
commercial loans are
available for
stabilized clubs and
facilities with
strong management
and
experienced owner
operators. Health
club financing is
available for
businesses where the
commercial real
estate and business
secure the loan.
General Terms For Health Club Commercial Loans
Commercial loans for
health clubs start
at $500,000 with no
maximum loan sizes.
Health club
commercial mortgages
are available for
both franchise and
non-franchise clubs.
Crefcoa will
consider start-ups
on a case-by-case
basis.
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Minimum health club loan
size is $500,000
- Loan collateralized by
commercial real estate - no
business only financing
- Acquisition or refinance of
stabilized health club, gym and
fitness center properties
- Bank, SBA, and specialty financing
available
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- Up to 25 year fixed rates
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Up to 25 year amortization
- Flexible prepay options
- 55%-75% LTV
- Minimum 660 Credit
Score
- 3 years of stabilized operating history
require
- 1.50 DSCR
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Request a
quote or visit the
commercial real
estate loan center to learn more about Crefcoa's
health club commercial property loans.
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Commercial real
estate loans may not be available in all locations.
Eligible property types, loan programs and program
guidelines (including, without limit, minimum loan size,
LTV, rates and terms) are subject to change without
notice and may vary depending on property location,
economic conditions, exposure, and other variables that
may negatively influence risk. Information provided is
not an offer to make a loan and should be used for
informational purposes only. |
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