Loan Terms

Payette Financial structures each loan to meet the borrower’s needs. General loan terms are outlined below:

Loan Amount: $25,000 to $2.5 Million.

Property Types: All types of commercial and investment properties, including, undeveloped and developed land parcels, commercial, industrial, retail, mixed-use, warehouse, shopping centers, hotels, office, self-storage, gas stations, restaurants, mobile home parks, and multifamily (must be five or more units). We do not make residential home loans.

Term: 12-36 months.

Interest Rates: 8%-13%, depending on collateral and other loan terms.

Payments: Interest Only to Fully Amortizing.

Origination Points: 1% – 5%, depending on loan amount and term.

Loan Collateral: Typically real estate, but will consider other fixed or liquid assets.

Lien Position: Mortgages or deeds of trust that are in a 1st or 2nd position.

Maximum LTV: On a combined basis (CLTV), total new/existing debt must be less than 85% of the market value of the collateral.

Equity Requirements on Acquisition Financing: Minimum of 10%.

Pre-payment Premium: Typically none, but depends on other loan terms.

Funding: We can fund in as little as 10 business days.