Rates and Terms

Loan Inquiries:		800-234-3274
Office:		805-966-1793
Fax:		805-966-3771

Loan amounts from $300,000 to $3 million
No pre-payment penalty after 6 months
Certified Appraisal not required for all properties
Junior Financing accepted in most cases
Vacant commercial properties funded (in certain cases)

Current Loan Rates
Quality	Rates*	Term	Points
A	8.5%	1 - 3 years	1½ - 4
B	9.5%	1 - 3 years	2 - 5
C	10% - 11%	1 - 3 years	3 - 6

* Rates subject to change

Maximum Loan-to-Value Ratios

Rental Commercial Properties

Office Buildings
Apartment Buildings (We seldom finance
1-4 family dwellings)
Retail Buildings

Strip Centers
Shopping Centers
Mobile Home Parks
Trailer Parks
Mixed-Use Properties
Gas Stations

65%
(Possibly 70% with strong compensating factors)

Business Properties

Hotels
Motels
Restaurants
Hospitals

Nursing Homes
Adult Care Homes
Convalescent Hospitals
Churches

55%
(Possibly 65% with strong compensating factors)

Farm Land
(Producing)

50%

Development Land

40%