Industrial Nationwide Lending Guidelines
Industrial Properties
Single and multi-tenant proper ties including warehouses used for storage,
assembly and packing, as well as research and development facilities.
Prefer dock high loading and tilt wall construction, located in industrial
park developments.
Eligible Property Locations
Nationwide; good access to primary thoroughfares and arterial access in
areas with strong demand generators for industrial proper ties. Further,
should have easy access to major interstate roads as well as key local
roads that provide access to local, industrial, rail and commercial
centers.
Loan Size
$500,000 & up
Debt Service Coverage
1.20 x minimum; 1.1x+ subject to sponsorship and owner/operator facility.
Loan-to-Value Ratio
Up to 80% on conventional permanent financing. Higher leverage requests
should inquire about mezzanine finance options.
Loan Terms
5, 7, 10, 15, 20, 25, and 30 year terms available.
Amortization
30 years or less, depending on major lease terms and expiration, and
property age.
Tenancy
Factors for determining tenant quality include the stability of the
specific business and the quality of the tenant ’s financial condition.
The rent roll should be reasonably diversified with staggered expirations.
Leases should be
representative of the market. Single tenant proper ties typically will
require higher coverage and reserves.
