At CBL we offer a full range of options for you

Typical loan amounts range from $250,000 to $10 million (higher loan amounts available depending on project and loan program). Compare CBL’s loan options below to determine which program might best fit your financing needs or just give us a call and a CBL Loan expert will help you compare the advantages of each loan program and show you how to qualify for each set of criteria:

CONVENTIAL LOAN PROGRAMS:

Conforming Income Property Loans
Investor or Owner-user Commercial Properties
Retail, Office, Warehouse, Industrial, Multi-family (Apartments), Healthcare

Typical loan terms:

• Loan size from $250,000 to over $10 million
• Loan term of 10 to 15 years with an amortization period of up to 30 years
• Interest Rates: 10- to 15-year fixed rates or a variety of 1-, 3- and 5-year adjustable rate mortgages
• Loan to value (LTV) of 75% based on MAI appraisals (80% LTV in certain circumstances)
• Minimum debt service coverage of 1.15 to 1.25, depending on program / project

Residential Loans

Typical loan terms:

• Loan size from $100,000 to $2 million
• Loan term of 15, 20 or 30 years, fully amortized
• Interest rates: Please call for an interest rate quote. Rates change on a daily basis.
• Loan to Value (LTV) ratio of up to 95% (owner-occupied) depending on loan program and size
• Loan Programs: Conventional (FannieMae, FreddieMac), Portfolio, Non-Portfolio, Construction, Construction-Perm, Land, FHA, USDA, VA

Land Loans: commercial and agriculture properties

• Minimum loan size from $100,000
• Loan terms: 1 to 30 years depending on property use and program
• Interest rates: fixed and adjustable rates available
• Loan to value (LTV) ratio of up to 96% (owner-occupied) depending on loan program and size

Some of the Alternative Loan Programs we utilize include the USDA Rural Development Business & Industry (B&I ) and Community Facilities (CF) guaranteed loan programs, the SBA 504 and 7(a) loan programs, and several other State and Federal loan and tax credit programs:

USDA RURAL DEVELOPMENT (RD) LOAN PROGRAM:

Business & Industry (B&I) Loans

Business or use of loan proceeds must be located in a qualified rural area, generally defined as
a city with less than 50,000 population - call CBL for eligibility

• Maximum loan size: $5 million, and up to $10-25 million under certain circumstances
• Minimum suggested loan size: $750,000
• Loan term up to 25 years, fully amortized (no balloon payments)
• Interest rates: floating and fixed rates depending on type of project and lender
• Loan to value (LTV) of up to 80%, with 100% financing to qualified applicants
• Loan purpose may be real estate acquisition and improvements, refinance of debt, machinery & equipment and working capital
• Business must be majority US-owned
• Personal or corporate guarantees required from principal owners
• Other loan structures allowed – call for details>

Community Facilities (CF) Loans

Eligible entities must be non-profit or municipality, and use of loan proceeds must be located in
a qualified rural area, generally a city, town or unincorporated area with less than 20,000 population –call CBL for eligibility

• Borrowing entity must be a qualified non-profit entity or a public entity such as a municipality, county or special purpose district, or a Native American Tribe
• No maximum loan size; minimum suggested loan size $750,000
• Loan term up to 30 years, fully amortized (no balloon payments)
• Interest rates: floating and fixed rates depending on type of project and lender
• Minimum 10% equity

Loan purpose: construct, enlarge or otherwise improve essential community facilities, including acquire land, buildings, machinery & equipment, including costs to acquire interest in lands, leases and right-of-way necessary for development; refinance of debt up to 50% of loan request/project cost.

SBA (SMALL BUSINESS ADMINISTRATION) LOANS:

SBA 504 Loans

• Maximum loan size: appx. $3.5 million
• Minimum suggested loan size: $500,000
• Loan term: 20-25 years (balloon or fully amortizing) on real estate; 10-20 years on machinery & equipment with corresponding economic life of collateral
• Interest rates: fixed for 20 years ( on up to 40% of project), with the remainder of project at floating rates based on lender program
• Loan to value (LTV) of up to 90% on real estate, 85% on machinery & equipment
• Loan purpose must be owner-user real estate acquisition and improvements, only; refinance not allowed except on construction, bridge loans or land acquisition if pre-approved
• Personal or corporate guarantees required from principal owners
• Other loan structures allowed – call for details

SBA 7(a) Loans

• Maximum loan size: $1.33 million (up to $1.5 MM pending congressional re-authorization)
• Minimum suggested loan size: $250,000
• Loan term: 10-25 years, fully amortized (no balloon payments)
• Interest rates: floating rates
• Loan to value (LTV) of up to 90% on real estate, with 100% financing with other collateral under certain circumstances
• Loan purpose may be real estate acquisition and improvements, refinance of debt (depending on original terms), machinery & equipment and working capital
• Personal or corporate guarantees required from principal owners
• Other loan structures allowed – call for details

OTHER PROGRAMS
Call for details

• HUD Multi-Family (Apartment), Student Housing, and Healthcare Facilities
• Farm Service Agency (FSA) and Farm Credit Services / Land Bank (Agricultural Loans, Land Loans, and Leasing)
• Tax Credits (Act221, NMTC and LIHTC)
• MarAd (Marine Vessels)
• State Programs (CalCAP, etc.)