Great Eastern Investments

Anchored Retail Property Program

For a current pricing matrix, complete our On-Line Form
Property Type: Anchored multi-tenant retail properties that have good location, occupancy, and maintenance.
Loan Security: First fee mortgages encumbering completed projects along with customary assignments and pledges. Leaseholds considered on a case-by-case basis.
Loan Amount: $500,000 to $35,000,000 per property.
Term: Ten (10) Years.
Amortization: Up to Thirty (30) years, or five (5) years less than the remaining life as determined by the Appraisal and Property Condition Report.
Maximum LTV: 80%
Minimum DSCR: 1.25:1 minimum.
Recourse: Non-recourse, except for standard lender carve-outs, which require 100%.
Replacement Reserves: Typically, minimum of $0.10 to $0.25 per square foot annually, or as scheduled in the Property Condition Assessment Report. Monthly escrow is required.
Tenant Improvements/
Leasing Commissio:
Underwriting requires the use of tenant improvements and leasing commissions determined by the lease maturities of the specific property. An Escrow may be required based upon the rollover risk analysis.
Other Conditions: See Standard Terms and Conditions.
Interest Rates: See the most current Pricing Matrix. Rate Buy-Downs are available.
ALL terms are subject to change.

Loan Programs Contact US
Company Profile Contact Personnel
Great Eastern Investments, L.L.C.
Tel: 800-366-7769 Fax: 830-796-4774
Copyright © 1997-2005 Great Eastern Investments