Financing Overview
Medalist Capital, Inc. specializes in arranging financing for commercial real estate properties through our network of correspondent lenders.
Our sources of capital include life insurance companies, securitized lenders, a Fannie Mae DUS lender, pension funds, and regional and local banks. Through these lender relationships we are able to offer our clients customized financing options that go beyond traditional 10-year permanent mortgages and include construction / permanent loan products, floating rate and float- to fixed-rate loans, short-term mortgages and Credit Tenant Lease (CTL) financing.
We can arrange financing on all types of commercial real estate including:
- Apartments
- Office Buildings
- Industrial Buildings
- Retail Centers
- Manufactured Housing
- Self Storage Facilities
- Hotels
- Medical Office Buildings
Loan Terms:
- Up to 25 years.
- Fixed- and floating-rate options available.
Amortizations:
- Up to 30 years.
Loan to Value:
- Up to 75% - 85%.
Loan Amounts:
- $500,000 and up.
Lender Costs:
- Most loans at par.
Forward Commitments:
- Available up to 18 months forward with a rate premium.
- Initial funding with future funding for construction or rehab.
Recourse:
- Typically non-recourse subject to industry standard carveouts.
Flexible Terms:
Our lenders are able to adjust their loan programs to meet specific borrower needs. Examples:
- Interest only features
- Participating mortgages
- Fund with partial leasing
- Variable amortizations to match cash flow
- Practical with environmental situations
- Class C properties as well as A and B
- Collateral substitution
Credit Tenant Lease (CTL) Financing
- Funding as high as 100% LTV.
- Debt coverage as low as 1.0 to 1.05.
- Loan term matches lease term.
- Extended term beyond primary lease possible.
- Amortization can match increases in lease payments for maximum dollars.