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CRE Loan LTV Guidelines

The maximum loan-to-value (LTV) for our commercial loans is 75%, whether you buy, refinance rate-and-term (up to $5,000,000) or take cash out (up to $5,000,000). The loan must also meet the 1.15x minimum DSCR, and the appraisal sets the value.

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Key loan facts

Loan amount
$100,000 to $5,000,000 for purchase and rate-and-term refinance; cash-out refinance up to $5,000,000
Loan type
Commercial Real Estate
Eligible properties
Multifamily (5+ units), Mixed-use, Retail, Office, Industrial and warehouse, Self-storage, Cold storage, Hotels and motels, Data centers
Maximum Leverage
Up to 75% LTV on purchase, rate-and-term and cash-out refinance
Term
up to $5,000,000 for purchase and rate-and-term refinance; up to $5,000,000 for cash-out
Minimum DSCR
Minimum DSCR 1.15x

Commercial purchase and rate-and-term refinance: up to $5 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing. Not eligible: owner-occupied residential. Limits vary by program, property and deal, and we confirm them for each deal.

Lending Guide

Program Details

Eligible Asset Types

  • Multifamily (5+ units)
  • Mixed-use
  • Retail
  • Office
  • Industrial and warehouse
  • Self-storage
  • Cold storage
  • Hotels and motels
  • Data centers

Underwriting Guidelines

  • Up to 75% LTV on purchase, rate-and-term and cash-out refinance
  • Loan size: up to $5,000,000 for purchase and rate-and-term refinance; up to $5,000,000 for cash-out
  • Minimum DSCR 1.15x
  • Higher leverage (up to 90% financing) applies only to qualifying SBA transactions, a separate program
  • Properties that need repositioning are reviewed deal by deal

Who This Is For

  • Commercial investors and sponsors sizing a purchase or refinance

Who This Is Not For

  • Owner-occupied residential buyers

Frequently Asked Questions

Related Programs

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Commercial real estate and investor property loans. Commercial purchase and rate-and-term refinance: up to $5 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing.
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Subject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.