Creighton Mortgage

P.O. Box 9578
Panama City Beach, Florida 32417-9578
Phone / Fax (904) 233-3700
Phone: (904) 233-9500
E-Mail comm.mtge@interoz.com


Thomas G. Creighton Licensed Mortgage Brokerage Business
Specialists in arranging commercial real estate loans within the Continental USA.

LOANS FROM $1,500,000.00 AND UP - NO MAXIMUM

PROPERTY TYPES

Hotels / MotelsNursing Homes Outlet Malls Retail Centers
Condominium
Projects		National Chain
Restaurants 		Golf Courses A & D Loans/
Subdivisions
Multi-FamilyRegional Malls Office BuildingsVacant Land
Mobile Home ParksCountry Clubs Joint Ventures/Land Devel.
Mini-WarehouseSpecial Purpose Construc.LoansResidential

LENDING SOURCES

Pension FundsCommercial Banks Reit's Private Companies
Investment BanksCredit Companies Conduits/Securitized Loans Insurance Companies
Savings & LoansInvestment Managers Venture Capital FundsIndividual Investors

TYPE LOANS

ConstructionA & DPermanent StandbyEquity

TYPICAL LENDING CRITERIA:
LOANS FROM $1,500,000.00 AND UP - NO MAXIMUM

  1. Maximum Loan To Value-First Mortgage - 70% and in Some Cases 75%.

  2. Certain Type Properties 70% on Refinance - Additional 10% second Mortgage Available in Some Cases Bringing Total Loan to 80%.

  3. Participation Type Loans up to 85% Loan to Value Larger Type Commercial Properties.

  4. Refinancing of Existing Properties - Usually Is Non-Recourse.

  5. Construction Loans - Up To 80% of Cost - Usually With Takeout and Personal Guarantees.

  6. Competitive Rates and Fees, Quick Closings Particularly on Refinance.

  7. Maximum Loan to Value on Vacant Land 40% to 50%.

  8. Golf Course / Country Club Loans - Typically 50% LTV.

  9. A&D/ Construction / Subdivisions - Usually - 90% Financing, In Florida as High as 97%.

REQUIRED MATERIALS AND DATA:

  1. Where Required by Property Type - Pre-Leasing or Pre-Sales.

  2. Existing Income Property - Generally 1 to 3 Years Financials.

  3. Developers Resume and Tract Record, Proven Equity on New Construction and Financial Strength.

  4. Viable Exit Strategy (Forward or Standby Commitments).

  5. Plans, Spec's, Cost Breakdown, Contracts, Appraisals, Feasibilities, Etc.

P.O. Box 9578
Panama City Beach, Florida 32417-9578
Phone / Fax (904) 233-3700
Phone: (904) 233-9500
E-Mail comm.mtge@interoz.com

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