Mortgage Products
Conduit Loan Programs
Conduit Loan Program provides the lowest permanent fixed rate commercial real estate loans for the acquisition or refinance of stabilized, income producing commercial real estate properties located in most market sectors, including small and medium markets for commercial mortgages up to $25 million.
Advantages - Conduit loans offer borrowers the lowest fixed rate commercial financing available. Interest rates start as low as 70 BPS over the comparable "on the run" Treasury rates.
Conduit loans offer investors high leverage with a standard 80% LTV and an option for a Mezzanine program to increase leverage to 90%.
Conduit loans are non-recourse with no personal guarantees required, except for standard carveouts for borrower fraud and other illegal behaviors.
Mezzanine Financing
The enhanced mezzanine loan programs are best suited for qualified, middle market, income-producing properties that exceed the traditional 75% LTV limit imposed by most lenders. Highlights of this loan program include:
Typical Deal Term Summary | ||
| Enhanced Debt | Mezzanine Debt | |
| Loan Size | $5 - $20 Million | $2 - $15 Million |
| Interest Rate | Typically floating rate, LIBOR | 9%-11%, typically fixed |
| Loan Fee | Typically 0%-1% | Typically 1%-3% |
| Exit Fee | Typically 1%-4% | Targeted total returns of 11%-19% |
| Loan to Cost | Up to 90% | Up to 97% |
Common Terms & Parameters | |
| Loan Term | 3 - 5 years |
| Amortization | Negotiable based upon business plan |
| DSCR | No requirements; deal specific underwriting, interest reserves may be permitted |
| Property Types | Industrial, Office, Multi-family, Hotel, Condominiums, Manufactured Housing Communitites, Anchored Retail & Self Storage throughout the U.S. |
| Property Size | Individual properties valued at under $40 million |
| Borrower | Property type experience with strong track record |
Whether you need to refinance an existing property or you need mezzanine financing - we can help you structure the mezzanine loan that meets your needs.
There are many factors to making sound investment decisions in today's market. Working closely with expert loan advisors, you will gain the Steelhead Advantage – maximizing terms and minimizing risk – while closing your deal on time and on terms.
Commercial Financing
We have funding sources for nearly all loan sizes, property types and credit profiles.
Acquisition and development - Bridge Loans - Business Loans - Construction - Joint Ventures - Mezzanine - Non recourse - Purchase - Refinance: Cash Out - Refinance Rate and Term - Remodel / Renovation - SBA Loans - Second Mortgages
| Agricultural | Gas Station | Mixed Use | Bar/Restaurant |
| Apartment | Golf Course | Motel | Retail |
| Automotive | Hospitality | Multifamily | Self Storage |
| Bed-Breakfast | Hotel | Office | Warehouse |
| Day Care | Industrial | Parking Lot | Other |
| Hard Money Loans * Hard money close in 2 weeks * No income verification option * No doc Commercial loan option * 1-3 year hard money bridge loans nationwide * 1-3 year hard money residential loans in Ohio and California |
Unique Advantages * Up to 30 year fixed rates and terms * Closings in 30 - 45 days * No income verification option * No doc Commercial loan option * Commercial property loans up to 90% LTV * Traditional and non-traditional properties |
| Competative Advantages * Competitive Pricing and Flexible Property Types * Fixed Rates for up to 10 years * Normal Closings in 30 - 45 days * Traditional and non-traditional properties * Commercial property loans up to 90% LTV |
Agricultural / Farm Loans
Agricultural loans from a UPL trusted financial advisor let you finance equipment, land, or production expenses related to farming and ranching, with convenient repayment terms. Lending solutions structured specifically with your business needs and engineered for success.
Agriculture loans are designed for business owners who need credit for:
- Financing crop and livestock production expenses
- Purchasing equipment Breeding livestock
- Purchasing land for the purpose of farming or ranching (not rural residences)
Agriculture loan features
- Available for amounts of $5,000 and up
- Can be used to purchase equipment or real estate, or finance the production of crops and livestock
- Provides a one-time lump sum with fixed monthly payments
- Secured by the equipment or land you're financing
- Convenient repayment terms, including quarterly, semiannual, and annual payments for customers with seasonal revenues
- Supported by a specialized agriculture lending team Maximum term up to 7 years
- Assurance of the Farm Service Agency (FSA) Guarantee Program—Bank of America is a Preferred Lender
Bridge Loan
A bridge loan is a short-term real estate loan that gives the property owner time to complete some task - such as entitlement, improving the property, or selling the property.
Terms are usually six months to one year, although many commercial bridge loan lenders often grant extension option of six months to one year with a usual cost of 1/2 to 2 points.
Bridge loans are more expensive than permanent loans and where a commercial property might run 6% permanent loan. A bridge loan is usualy LIBOR plus 3% to 4% (8.25% to 9.25%), an 2 points.
Bridge loans are typically replaced with permanent finacing after imporvements are completed. As bridge loans are short in nature, most bridge loans have no prepayment penalty