Commercial Loans

Firstbanc, primarily originates long-term, fixed-rate, commercial mortgages on multifamily, office, retail, industrial, hotel and many other property types nationally.

Multi-Family Underwriting Profile

  • Eligible Property Types
  • Class A, B, C
  • Loan Term
  • 5, 7, 10, 15, 20 years
  • Standard Loan-to-Value: 80%
  • Minimum DSCR: 1.20x
  • Maximum Amortization: 30 years
  • Income and Expenses
  • Three years of historical operations
  • if available. Emphasis is on the
  • trailing12 months of operations
  • and the current rent roll.

Office Underwriting Profile

  • Eligible Property Types:
  • Class A, B & C buildings with a
  • preference for diverse rent rolls.
  • Loan Term:
  • 5, 7, 10, 15, 20 years
  • Standard Loan-to-Value:
  • 75%, 80% for “CBD”
  • Minimum DSCR: 1.25x
  • Maximum Amortization: 30 years
  • Income and Expenses:
  • Three years of historical operations
  • if available. Emphasis is on the
  • trailing12 months of operations
  • and the current rent roll.

Self-Storage Underwriting Profile

  • Eligible Property Types:
  • All properties; on-site
  • management preferred.
  • Loan Term:
  • 5, 7, 10, 15, 20 years
  • Standard Loan-to-Value: 75%
  • Minimum DSCR: 1.30x
  • Maximum Amortization: 25 years
  • Income and Expenses:
  • Three years of historical operations
  • if available. Emphasis is on the
  • trailing12 months of operations
  • and the current rent roll.