Retail Nationwide Lending Guidelines
Eligible Properties
Anchored or unanchored retail centers. Infinity Commercial Capital will
consider two-story centers. Infinity will finance net leased investments
and /or free-standing stores based upon the credit of the tenant. We
normally require current minimum economic occupancy of 85% for permanent
financing. Non-stabilized properties should inquire about bridge or
interim financing.
Eligible Property Locations
Nationwide; require direct access to major roadways and high visibility.
Prefer infill locations in developed neighborhoods. Unanchored centers
should be located in high traffic counts.
Loan Types
Permanent and Interim Financing for acquisition, refinance and
repositioning
Loan Size
$500,000 & up
Debt Service Coverage
Generally, 1.2 x to 1.3x, depending on the quality of the location of the
market, the property and the existence and quality of anchor and /or
shadow anchor tenants.
Loan-to-Value Ratio
Up to 80% maximum LT V in first position for permanent financing. Higher
leveraged requirements should inquire about mezzanine debt options.
Loan Term
3, 5, 7, 10, 15, 20, 25 and 30 year terms available for permanent
financing.
Amortization
30 years or less, depending on major lease terms, expiration, and property
age.
Interest Rates
Pricing is based upon the quality of the real estate and the credit
strength of the asset. We offer LIBOR and Treasury based pricing. Treasury
spreads run between 100-210++ basis points over the corresponding US
Treasury for permanent loans. Swaps are quoted on a project specific
basis.
