PMC Trust Bank

Hi I have a real state firm and I have heard that PMC Commercial Trust provide the loan facility so does it provide itsel or by some of the bank associated with it??

[sumit]

PMC Commercial Trust makes equity and debt investments in stabilized real estate and real estate-related assets and is a commercial real estate lender

It has been giving loans since 1979 and it directly provide the loan with no third party interfere

PMC Commercial Trust (“PMC”), is a subsidiary of CIM Commercial Trust Corporation

It is a diversified real estate investment trust (REIT),

It has provided thousands of loans to businesses throughout the United States.


PMC Commercial Trust Loan Schemes

Loan Amounts:

$300,000 - $5,000,000 (Subject to SBA Program Limits)
Interest Rate:

Prime + 1 to 2.75% floating (or alternative Libor based rate)
Loan Term:

7 - 25 year amortization
Prepayment Charge:

1-14 years maturity: None

15 – 25 years maturity: SBA charges 5-3-1% and None after 3 years
Equity Requirement:

15% - 25%
Other Criteria:

Citizen or legal permanent resident

Conventional

Loan Amounts:

Up to $2,000,000
Interest Rate:

FLOATING or FIXED Rates
Loan Term:

Varies
Prepayment Charge:

Varies
Equity Requirement:

25% - 30% minimum
Other Criteria:

Generally in conjunction with an SBA 7(a) loan.

SBA 504 (Currently Inactive)

Loan Amounts:

Up to $5,000,000 ($8,000,000 including SBA portion)
Interest Rate:

FLOATING or FIXED Rates (SBA portion will be a 20 year fixed rate)
Loan Term:

20-25 year maturity / 20-25 year amortization
Prepayment Charge:

Diminishing to zero
Equity Requirement:

20% average (10% minimum of eligible hard costs, plus working capital and inventory).
Other Criteria:

Owner operated real estate. Citizen or legal permanent resident. Must meet job creation / retention requirements.