Tenant Improvement Loans
Eligible Uses:
TI build-out for commercial properties or commercial portions of mixed-use buildings. Assumes build-out from “vanilla box,” including painting, carpeting, partitions and standard lighting fixtures. Does not include fixtures or utility build-out for medical offices or restaurants.
Additional Requirements:
Approval subject to lease terms and strength of commercial tenants.
Loan Size:
Up to $1 million.
Terms and Conditions:
Flexible Terms, Secured by property and assignment of commercial rents; may subordinate.