USDA Business and Industry (B&I) Loan. With National Office approvals up to $40M. 

Property Types & Uses: Qualified Multifamily, Hospitality, Healthcare, Industrial, etc.

Loan Amounts: $1M-$25M; *up to $40M in select scenarios      

Terms: Up to 30-years (commercial real estate), 15-years (equipment & machinery), 7-years (working capital)

Amortization: Up to 40 years

Note Position: 1st; *2nd in select scenarios

Loan-to-Value: Up to 80% (real estate), 70% (equipment & machinery), 60% (inventory)

Rates: Prime + 100-275 bps; *variable options available

DSC: 1.15-1.25x

Reserve Funds: ~3-12 months

Origination Fee: 0.5%-2%

Entity Type: LLC/Corp, non-profits

Recourse: Personal Guarantee/w Collateral

Locations: USA

Closing time: ~45-90 days