Commercial Permanent

Dragon Realty Capital offers a wide range of commercial permanent loans for investors for purchase, refinance, and cash out refinances.  Here are some program highlights:

Click:  DRC, Commercial Permanent  Application Pkg.

Program Description:

Property Types:  Multifamily, Mixed Use, Single Family Pools, Retail, Retail Strip Centers, Warehouses, Self-Storage Facilities, Office, Light Industrial, Automotive, Mobile Home Parks, Daycare Centers, Restaurants, & Bars.

Loan Amounts:  $500,000 to $5,000,000

LTV:  Up to 80%

Amortizations:  20 to 30 Year, Fully Amortizing

Debt Service Coverage:  As low as 1.15

Fixed Terms:  5, 7, and 10 Year Hybrids, converting to LIBOR based or WSJ Prime Rate adjustables after the fixed period

Minimum FICO*:  As low as 550!

Prepayment Penalties:   3 year fixed, 5 year declining, or 5 year fixed

Occupancy:  Investment or Owner-User (non-SBA)

Documentation:  Full (tax returns), Lite, Stated Owner-User, Bank Statement Only, and No Document

Recourse:  Full Personal to the Guarantor(s)

Eligible Borrowers:  U.S. Citizens, Resident Aliens, Legal Entities

Eligible Markets**:  Top 200 MSAs

Fees:  $2,500 Processing, Underwriting (varies), Legal/Documents (varies)

Reports:  Appraisal, Environmental

*Credit score requirements vary across programs, affecting LTV, rate, and points charged.
**Not all programs are available in all states.
Note:  Rates and loan programs can change without notice.


Click:  DRC, Commercial Permanent  Application Pkg.

Everything you will need to provide in an initial submission is contained in this download.