Wool Finance Partners is pleased to announce it has recently formed a Loan Origination Correspondent relationship with Columbian Mutual Life Insurance Company. Columbian Mutual provides fixed interest rate loans on income producing properties throughout the U.S. The following are Columbian Mutual’s general lending parameters:
- Loan Size: $1.0 million to $4.0 million
- Loan Term: 10,15,and 20 year fixed interest rate loans
- Partial recourse with springing guarantee
- Property Types: Industrial/office warehouse/flex; Office; Multifamily; Retail
- Preference: Multi-tenant properties with staggered lease terms. Will consider single tenant properties with longer term leases and financially strong credit
- Maximum Loan To Value Ratio: Not to exceed 75%
- Prepayment Terms: Flexible with fixed step down premiums; not yield maintenance
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