Our lending focus
With an emphasis on careful management and a focus on specialized market segments, Binger Financial Services puts its experience to work for commercial real estate developers and owners across the United States.
We specialize in making real estate loans on credit-oriented or credit-anchored commercial properties, including credit-anchored retail centers, single-tenant credit industrial, single-tenant office, multi-family assets, and medical offices.
Commercial mortgage guidelines and criteria:
We work with conduit insurance company’s REIT’s and CMBS lenders that deploy roughly $1.5 billion annually on commercial real estate loans. A high-level outline of our lending criteria is included below:
- Loans ranging from $3 million to $50 million, depending on the type of project.
- Forward rate lock available – up to 12 months with a rate premium or fee
- 75% maximum loan-to-value ratio
- Minimum debt service coverage of 1.20 (25-year amortization)
- Loan types include:
- Long-term, fixed-rate; fully amortizing or balloon structure participation.
Financing available for select property types
Binger Financial Services (BFS) focuses on property types within these segments: Anchored shopping centers we finance shopping centers that are anchored by one or more creditworthy regional or national tenants on long-term leases that focus on the necessities of life. Freestanding single-tenant within the freestanding, single-tenant segment, BFS focuses on properties with long-term leases to creditworthy tenants. Medical office buildings BFS looks for properties that are doctor-owned with a lease guaranty or properties with a long-term lease to a creditworthy tenant. Preference is shown to properties close to the hospital campus, industrial warehouse, or distribution properties. We finance properties with long-term leases to creditworthy tenants or owner-occupants. Preference is shown to concrete tilt-up, minimum 28-foot ceiling heights, and 15% or less office finish in industrial park locations. Multi-family properties projects in this category focus on high quality, multi-family dwellings. Properties should have a stable operating history and experienced management.