Commercial Real Estate

ViewPoint Bank is a portfolio lender and provides loans up to $20 million for commercial real estate finance opportunities. Preferred property types are office, retail, industrial and apartments (limited interest for self-storage). Our niche is flexibility, low fees and quick closings, typically 45 days or less.

Loan Size

• Loan range is $1M-$20M
• "Strike zone" is $5-$15M. Prefer to lend in Texas and contiguous states (can loan nationwide).

Origination

• Typically 0.5% to 1%
• $20K Good Faith Deposit – unused funds returned to borrower
• No Processing Fee – Reasonable Legal Fees due at Closing – Non-Securitized Loan Documents

Terms

• 3, 5 and 5+5-year terms
• Fixed Rate Debt priced over applicable term Treasury Bill Rate
• Floating rate debt priced over 90-Day LIBOR for shorter
  term loans
• Amortization is 25-30 years; Interest Only debt is offered in unique situations
• LTV is typically 60% to 75%
• Free fixed rate forward on future funding for earnouts

Recourse

• Typically NON-RECOURSE, except for carve outs
  (Recourse is included in the loan structure at times to mitigate excess risk or leverage)
• Recourse can generate more proceeds

Escrows

• We don’t typically require funded escrows for T.I., Commissions, and Cap Ex
• Escrows required for taxes and insurance
• High lease rollover in first 18 months will usually dictate a funded escrow for TILC

Prepayment

• 3-2-1, then par for a 5-year fixed rate loan; Floating rate debt is negotiable (typically 1% in Year One, then Par)

Quorum

Randalls

First Industrial Portfolio

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