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, hotels and special purpose properties). Our niche is flexibility, low fees and quick closings, typically 45 days or less.

Loan Size

• Loan range is $1M-$20M ($3M minimum outside Texas)
• "Strike zone" is $5-$15M. Prefer to lend in Texas and contiguous states (can loan nationwide).

Origination

• Typically 0.5% (˝ point fee)
• $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, 7, and 10-years terms
• Fixed Rate Debt priced over applicable term Treasury Bill Rate.
• Floating rate debt priced over 30-Day LIBOR for shorter term loans.
• Amortization is 25-30 years; Interest Only debt is offered in unique situations.
• LTV is typically 75% (multifamily: 80%; hospitality: 70%).
• Free fixed rate forward on future funding.

Recourse

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

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)

St. Paul Place

Northpark Shopping Center

Wells Fargo Tower

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