Bay Area Capital Funding Inc. Office Loan Programs provide fixed rate financing for single and multi-tenant office properties. Office loans are available in most market sectors for properties with a demonstrated ability to re-lease at market rates. Single story to high rise buildings used by single or multiple tenants are acceptable; may also include light industrial parks used as general office facilities. Properties are rated class A, B, or C (A being highest quality) based on quality, age, and scope of available facilities and services provided; parking, security, etc.
BACF Inc. provides a wide assortment of comprehensive financing programs. Our primary goal is to be your source for the financing of commercial loans. We provide creative solutions for commercial real estate investors across the nation. If you need to refinance an existing property or you need purchase money - we can help structure the terms that most suitably meet your needs.
Both traditional and stated income loans are available.
Office Loan Guidelines:
Eligible Properties
Stabilized urban and suburban single and multi tenant office properties. High-rise, low-rise, and office condo property structures permitted.
For single tenant or anchored tenant properties, lease terms should extend past the fixed term of loan.
Loan Size
Loan sizes starting at $500,000.00
Pricing
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Location
Located in mid to large market sectors; smaller market sectors OK with reasonable debt service and history.
Loan Terms
5-10 year fixed terms with 25-30 year amortizations
Prepayment
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Personal Guarantees
Non-recourse and recourse
Minimum DSC
1.15 to 1.25
Loan-to-Value
75 - 80%
Rate Lock
On approval
Occupancy Requirements
Stabilized properties preferred.
Impounds
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Preliminary Submission:
Include the following in your request:
1. Summary with property description and location map
2. Personal Financial statement
3. Representative color photographs
4. Current rent roll and year-to-date operating statement
5. Resume
6. Existing balance sheet
7. Current year operating statement
8. Operating history - prior 3 years, if available