Project Limits

$500,000.00 – $22,000,000.00

Multiple Loans

Restricted to Max SBA Guarantee (Exception for Green Projects – Ask For Details)

Recourse

Personal & Corporate

Loan Types

Purchase, Refinance, Construction, Renovation

Borrower Type

For Profit Business Only

Collateral

Real Estate & Equipment (No Business Only)

Maximum CLTV

90.0%

Occupancy Type

Owner Occupied ​(51% + of the gross rentable square feet)

Eligible Locations

Nationwide

Property Types

All Property Types (Except SBA Restricted)

DSCR Minimum

1.20%

Credit Score Min

Not Credit Score Driven – Credit Issue Driven

Interest Rates

1​st​ Mortgage: 4.5% to 5.5%
2​nd​ Mortgage: 4.25% to 4.75%

Amortization

1​st​ Mortgage: 25 years
2​nd​ Mortgage: 20 years

Term

1​st​ Mortgage: 5 – 10 years
2​nd​ Mortgage: 20 years

Loan Points

Case by Case Basis

Prepay

1​st​ Mortgage: 5% - 4% - 3% - 2% - 1%
2nd Mortgage: 10 year declining

Closing Time

60 – 90 Days

The Continental Finance Difference

Nationwide Program
No Restricted Industries
Multiple Loans Available for One Borrower (Ask for Details)
Construction Loans have built in payments during build out