Paladin
Financial, Inc. primarily finances investment quality properties through
Life Insurance Companies and Mortgage Conduits. Some of these companies
are Symetra Life; AmerUs Life, Ameritas Life; Aegon Insurance; Farm
Bureau; Morgan Stanley; Wells Fargo; Paine Webber.
The minimum loan amount for these transactions is usually $1,000,000.00.
However; we have; and, can make loans down to $500,000.00. The minimum
loan fee for these transactions is usually $10K to $12K.
Loans have been made on Hotels, Retail Centers, Apartments, Ministorage,
Mobile Home Parks, Office buildings, Parking lots, Truck Centers, Industrial
Buildings, Motels; and Shopping Centers.
The
interest rates and terms for these loans change from time to time. The
most popular type of loan is a 10 year fixed rate with a 20 or 25 year
amortization; due in 10 years. Such a loan can simply re-price in 10
years making the total term 20 years. The rate for such a loan is usually
.9% to 1.5% over the 10 year Treasury bill. The rate for a 10 year treasury
bill can be found on the front page of the green section of the USA
Today Newspaper daily.
Where: Loans have been made in Washington, Oregon, Idaho, Arizona &
California. We have looked at loans in Alabama, Colorado and Utah as
well.
Other Financing: has been provided for land acquisition and construction.
For these loans, we have used Banks and Savings Banks.
Construction Financing can be done through “all-in-one”
single loans with one interest rate. These can be done with a few insurance
companies where the tenancy is pre-leased
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