The financing was structured as a 25-year amortization and 75% loan-to-value package. Column Financial focuses on providing fixed-rate, non-recourse commercial real estate loans in the $500,000 to $5 million range. Financing options include a seven- to 20-year loan term and competitive rates.
Company officials say the closing process takes between 45 and 60 days from application to funding. The firm's small-balance loan program has closed $40 billion in commercial loans over the last 12 years. The company has 16 offices in the US and Canada.
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