Conventional Long Term Mortgages

Conventional mortgages are typically available up to 75% of the appraised value (higher in some cases), amortized up to 25 years (or longer) depending on building age, location, physical condition, lease profile, available debt service and building use. Key variables negotiated for each transaction can include fixed or floating rates, forward start arrangements, interest only or amortizing payment schedules, demand or committed facilities, duration of term (from under 5 years to 25 years or longer), financial covenants and form of recourse (if required).