Mixed-Use
These properties integrate residential spaces with commercial uses, such as retail or office space. Mixed-use properties must contain at least one commercial unit (retail, office etc.) and at least one residential unit. Common types of mixed-use properties include a ground floor retail or office unit with apartment(s) above, all within the same building. The mixed-use property type can be classified in any tier depending on the percentage of the multi-family component and the type of commercial use. (Back to Property Types)

Office/Retail
Buildings designed for retail or office sales and display, this category includes stand-alone buildings such as offices, supermarkets, convenience stores, drug stores, department stores, bakeries, and beauty shops – as well as strip centers, and neighborhood and community shopping centers.  Office use implies a general business use that does not include retail, manufacturing or warehouse type operations.  Retail classification encompasses a wide variety of uses including, but not limited to: markets, convenience stores, drugstores, department stores, big box retailers, barber shops, laundromats, etc. (Back to Property Types)

Warehouse
Single and multi-tenant facilities that are used for warehousing, light manufacturing, distribution, research and development. Warehouse buildings are designed primarily for storage purposes. An amount of office space included is usually commensurate with the quality of the building but typically ranges from 3% to 12% of the total area. Plumbing and lighting are usually limited due to anticipated light personnel load. The design of the building usually includes a light frame with large open interior areas. Cold storage and transit warehouses (truck terminal) are included in this category. Does not include buildings where heavy manufacturing or specialized industrial operations such as welding occur. (Back to Property Types)

Self Storage
Now one of the most competitive building classes in the country, these facilities are designed primarily for storage. Mini-warehouses are warehouses subdivided into a mixture of cubicles of generally small size, designed primarily to be rented for small self-storage or noncommercial storage and may include some office-living space.  This category also includes cold storage, RV and boat storage facilities, and truck terminals (transit facilities).  (Back to Property Types)

Hotels/Motels
Hotels/Motels with national franchise affiliation ("flagged") must be in good standing with their affiliated franchise to be considered as a "Flag."  Hotels/Motels with no national franchise affiliation are considered "non-flagged/unflagged."  "Mom & Pop" style operators typically run these types of facilities and the quality and level of service varies considerably.  With our industry knowledge and expertise, we feel we understand the flagged and non-flagged world of hotels and motels better than most lenders. Our valuation assumptions are based on facts relative to the specific property. (Back to Property Types)

Special Purpose/Unique Properties
We will consider all commercial and unique properties not listed above that fall within our program guidelines and loan amounts. (Back to Property Types)