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Wholesale Commercial Loan Agents

COMMERCIAL REAL ESTATE LOANS

 When you're looking for a real estate loan, it's important to deal with professionals who recognize that real estate lending needs differ with every situation. Whether you are purchasing a building, expanding your current facility or building a new location, Provident Bank can help you select a loan program which fits your needs. Our goal is to build a lasting business relationship with you!

Provident Bank's team of lending professionals offers Commercial Real Estate loans on multifamily and commercial real estate properties located in Southern California. We offer adjustable rate financing at competitive rates for loan amounts starting at $350,000. We provide financing for many income property types:

To find out more about our flexible and competitive loan programs, contact one of our Commercial Loan Agents, or email us at Majorloans@myprovident.com.

Provident Bank's loans are priced competitively within the market place. All loans are subject to the standard terms and conditions contained in the Provident Bank loan documents. Programs are subject to change without notice.

COMMERCIAL REAL ESTATE LOANS:

Provident Bank provides financing for office buildings, industrial centers, retail, and other commercial properties and facilities.

Property Types:

Office buildings, industrial, mini warehouse, retail

Loan Size:

Minimum loan amount $350,000

Program Types:

Straight Adjustable

3, 5, 7, 10 YR Fixed/Adjustable

Term:

10 years

Amortization:

30 yrs maximum

Loan To Value:

75% maximum on office and industrial & retail
70% maximum on mini warehouses

Minimum Debt Coverage Ratio:

industrial, office, retail - 1.20%
mini warehouse - 1.30%

Recourse:

Non-recourse available with standard carve-outs

Loan Fee:

Up to 1 point

Processing Fee:

$1,795.00

Legal Costs:

Billed at actual cost if outside counsel is required

Other Costs:

Appraisal, Title, Environmental, and Closing Costs

Impounds:

May be required for taxes and insurance

Prepayment Fee:

Yes

Broker Submissions:

Accepted

MULTIFAMILY LOANS:

Provident Bank can provide funding for apartment projects and mobile home parks.

Property Types:

Apartments, Mobile home parks

Loan Size:

Minimum loan amount $350,000

Program Types:

Straight Adjustable

3, 5, 7, 10 YR Fixed/Adjustable

Term:

30 years

Amortization:

30 yrs maximum

Loan To Value:

75% maximum

Minimum Debt Service Coverage:

Apartments - 1.15%
Mobile home parks - 1.25%

Recourse:

Non-recourse available with standard carve-outs

Loan Fee:

Up to 1 point

Processing Fee:

$1,795.00

Legal Costs:

Billed at actual cost if outside counsel is required

Other Costs:

Appraisal, Environmental, Title, and Closing Costs

Impounds:

May be required for taxes and insurance

Prepayment Fee:

Yes

Broker Submissions:

Accepted

 

CONSTRUCTION LOANS:

Provident Bank can help you finance the construction of multi-family units, commercial and industrial buildings or residential development. When starting a new construction project, start by talking to us first!

Property Types:

Commercial, Multifamily and SFR

Loan Size:

Minimum loan amount $350,000

Term:

12 months plus an optional 6 month extension.

Amortization:

Interest only as Disbursed

Loan To Value:

75% maximum

Minimum Debt Service Coverage:

Commercial - 1.25%, Tract - N/A

Recourse:

Yes

Loan Fee:

Up to 2 points

Processing Fee:

$1,795.00

Legal Costs:

Billed at actual cost if outside counsel used

Other Costs:

Appraisal, Title, Environmental, and Closing Costs

Prepayment Fee:

None

Broker Submissions:

Accepted

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