Permanent Bank Loans
Permanent Bank Loans provide competitive rates for stabilized buildings and A credit borrowers in need of permanent financing.
Income producing property purchase and refinance transactions. Cash-out available.
Multifamily, Manufactured Home Communities, Office, Retail, Industrial, R&D Flex, Self-Storage, SFR Rentals.
$50,000 - $50,000,000
Capital requests in excess of 50M are available.
3 - 30 Years
25, 30 & Interest Only
Starting at 3.5%
Rates are based on location, building quality, and leverage.
Loans can be structured with or without a prepayment penalty.
FEES / POINTS
0% - 2%
Points vary based upon property location, property type, income, and borrower financials. No point loans can be structured on select properties.
45 - 90 Days
Loans are typically closed in 4 - 8 weeks from application.
A full appraisal is required for all ICS Bank loans.
Recourse and non-recourse available. Additional income property types considered on a case-by-case basis. Underwriting deposits may be required depending upon property location and deal type. Terms and conditions subject to change.
Hotel / Motel
Long-term permanent loans typically have a maturity period of 5 to 30 years. In real estate projects, permanent financing is obtained after completion of construction, rehab, or the property has been leased-up to a point where net operating income supports standard bank debt service requirements. Permanent loans offer lower rates with longer terms, but do required properties to be stabilized, with good credit borrowers. Permanent loans are used to pay-off short-term bridge loans.