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| • COMMERCIAL LOAN PROGRAMS |
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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:
- Industrial
- Office
- Mobile Home Parks
- Self-Storage
- Construction Loans - Commercial
- Multi-family
- Retail
To find out more about our flexible and competitive loan programs, contact one of our Commercial Loan Agents. |
| COMMERCIAL LOAN AGENTS |
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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: |
70% maximum on office and industrial & retail
70% maximum on mini warehouses |
Minimum Debt Coverage Ratio: |
industrial, office, retail - 1.25%
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: |
60% 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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