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Your Mortgage Lender

Auto
Auto Body Shop
Self explanatory
Auto Rental Yards
These loans should be sought from your local bank as they require frequent inspections for loan advances.
Auto Service Center
Gasoline and diesal tanks are not allowed.

Waste oil storage tanks should have secondary containment.

Auto lifts should ideally be above ground

 

Church Loans

Church
We will lend on church buildings that have alternative uses, other than a church.
In other words, if your building is a warehouse being used as a Church, it will be considered for lending purposes.
If the building style is single use in nature, such as a older building with spires and crosses, then it would be considered single use and could not be considered.
Please submit a full photo package of the exterior, interior and as well any conference or class rooms.

 

Commercial Buildings

Bar
Self explanatory
Bar And Restaurant
Self explanatory
Car Wash
Well kept car washes are considered.
Please supply interior and exterior photos of the property with submission.

Gasoline and diesal tanks are NOT allowed.

Convienience Store
Self explanatory
Entertainment (non Adult)
Self explanatory
Funeral Home

Consideration is given to clean establishments that are operating from facilities that are specifically zoned for commercial usage.

Photos of ALL areas should be supplied upon submission of loan application.
Hardware Store
Self explanatory
Laundro-mat
Self explanatory
Light Industrial - Fastening And Assembly
Closely defined as where light assembly or constructing of material and products occurs.

An example of light industrial would be a trailer manufacturer, van conversion etc.

Heavy industrial would be auto assembly, truck manufacturing etc.
A full photo package should be sent in with the submission of all areas of the building and yard.
Light Industrial - Mixed Use

Closely defined as where light assembly or constructing of material and products occurs.

An example of light industrial would be a trailer manufacturer, van conversion etc.

Heavy industrial would be auto assembly, truck manufacturing etc.

A full photo package should be sent in with the submission of all areas of the building and yard.

Marina
Self explanatory
Office
Single use of office type buildings with no other use other than offices.
A distinction between office and an office / warehouse is made in that depending upon the warehouse size component, an office building could be called a warehouse. Example is a 1000 square foot building that is 800 square feet of warehouse. In this example the building would be called a warehouse.

Ask your account rep for further clarification.

Prison
Self explanatory
Private Detention
Self explanatory
Restaurant
Consideration is given to the real estate only.

No consideration is given to the good will or 'blue sky' of the establishment.

Photos are mandatory with submission of all areas of the interior and exterior.
Retail

A location where retail sales are conducted without a component of other usage such as auto repair, manufacturing of a products etc.

Your account rep will review the various iterations of these products depending upon your unique circumstances.

Self Storage
A collection of small rental warehouses for the private storage of personnal belongings.

Parking of motor homes and boats is allowed.

Slaughter House
Self explanatory
Sports Center
Self explanatory
Veterinary Clinics
Self explanatory
Warehouse-storage Only

Purely used as storage with some small office occupancy for the operation of the business.

There may be very minimal assembly work being conducted, however any work that requires a process of welding or painting would probably be classified as industrial.

 

Hospitality

Assisted Living
Self explanatory
Bed And Breakfast
Minimum loan amount of $200,000.

Please provide photos of the interior and exterior of the building upon application.

Camp Ground
Self explanatory
Day Care
Day care buildings are allowed.

Full photo packages on the interior and exterior are required.

The building must not be constructed so as to be a single use type building where 'the current use is the only use'.
Hospital
Self explanatory
Hotel-branded

National brands or 'Flagged' properties only.

Minimum loan amount is $200,000.
Please submit a full photo package with interior and exterior shots including several guest rooms.
Hotel-non Branded
Self explanatory
Mobile Home Park
Parks with Mobile Homes on FIXED foundations are considered.

An important consideration is that there are less than 20% RV parking included in the mix.

Motel
Self explanatory
Nursing Homes
Self explanatory
Rooming House
Self explanatory
Rv Park
Self explanatory

 

Housing - Commercial

Apartments 5-100+ Units
Multi family units can be apartments or condominiums.

 

Land Loan

Land - Commercial
Ineligible property type
Land - Residential
Ineligible property type

 

Mixed Use Properties

Commercial And Residential Mixed
Mixed use applies to those properties that have a residential component mixed in with other commercial uses.
For instance a hardware store with a residence on the top floor would be considered mixed use. A combination of storage and industrial would not be considered mixed use.
Commercial Mixed Use
Self explanatory
Retail Mixed Use
Self explanatory

 

Non Eligible Buildings

Adult Entertainment
Self explanatory
Gas Station
Self explanatory
Gas Station And Convienience Store
Self explanatory
Heavy Industrial
Self explanatory

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