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Commercial
RKO Capital provides recourse & non-recourse commercial mortgage financing for office buildings, industrial properties, and retail centers. Our product offerings include conventional bank financing, insurance company financing, and conduit financing. We cater from the $1,000,000 loan to $10,000,000 loan sector of the commercial mortgage industry. Purchases, refinances, and 1031 exchanges are all part of our product offerings. With a variety of options available to meet your commercial real estate financing needs, contact RKO Capital today.
$500,000 & Up
Program Details
Eligible Properties
- Office
- Industrial
- Retail
- Self Storage
- Loan amounts $500,000 and up
- Minimum DSC 1.20
- Maximum LTV 70%
- Tiered pricing matrix, more favorable terms available for higher DSC & lower LTV
- Secondary markets allowed case by case scenario
- Fixed rate terms of 3, 5, 7, 10. Other options available for larger loan amounts
- Up to 30 year amortization
- Impounds for taxes, insurance, and replacement reserves on case by case scenario
- 80-85% occupancy typically required prior to closing
- Most loans are assumable subject to approval and 1% fee
- Net worth of guarantors equal to or greater than loan amount. Larger loans adjusted on case by case scenario
- Liquidity requirements 10% of loan amounts, reviewed on case by case scenario
- Middle FICO of at least 680 or greater
- Non-recourse loans available