Light Industrial
Love Funding provides its clients with access to a variety of fixed and floating-rate financing programs for modern light industrial buildings in suitably zoned commercial and industrial areas. High ceiling warehouse and distribution buildings in planned industrial parks with convenient rail and highway access are very attractive. Specialty properties can also be accommodated, as long as they are in strong locations with high occupancy rates. Among these are:
- Flex buildings
- Self-storage
- Cold Storage
- Freezer facilities
Specific purpose loans are available for construction, acquisition, repositioning, permanent financing and refinancing. Available loan terms require a loan to value ratio of not more than 80% and debt service coverage ratio of not less than 1.20. Interim loans and bridge loans to reposition or re-tenant a property can be arranged with current debt service coverage of 1.00. Depending on the loan purpose, maturities vary between 5, 7 and 10 years. Amortization schedules between 20 and 30 years are normal. Loans may qualify for interest only payments for a portion of the term.
Love Funding has earned a reputation for superior customer service and a commitment to results that you can take advantage as you seek financing for your next project.