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Commercial Property Guidelines

Loan-to-value (LTV) ratios, loans terms, amortization, and required debt service coverage differ by property type. Multi-family properties receive the most favorable terms; special use properties receive the least favorable.

Property Type Loan-to-Value/Cost Debt Service Coverage Term Amortization
Max Typical Min Typical Max Max
Office
(Owner Occupied)
90% 80% 1.00 1.25 30y 30y
Office
(Non-owner Occupied)
90% 75% 1.00 1.25 30y 30y
Multi-family
(Existing)
90% 80% 1.00 1.20 40y 40y
Multi-family
(Constr / Rehab)
98% 80% 1.15 1.20 40y 40y
Mixed Use 90% 75% 1.20 1.25 30y 30y
Healthcare 100% 80% 1.18 1.20 35y 35y
Senior Housing 90% 80% 1.20 1.20 35y 35y
Retail: Anchored 90% 80% 1.18 1.25 30y 30y
Retail: Unanchored 90% 75% 1.18 1.30 30y 30y
Mobile Home Park 90% 80% 1.20 1.20 30y 30y
Industrial
Warehouse
90% 75% 1.18 1.25 30y 30y
Self-Storage 90% 75% 1.20 1.30 30y 30y
Gas Station
Convenience Store
80% 75% 1.45 1.45 25y 25y
Hotel 85% 75% 1.18 1.50 25y 30y
Resort
Golf Course
65% 65% 1.50 1.50 10y 25y
Church 75% 75% 1.25 1.25 15y 25y
Raw Land 65% 60% NA NA 15y 15y
Construction 90% 80% 1.25 1.25 3y Interest-only