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| Investment Guidelines |
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At Security Savings Bank, we take a common sense approach to underwriting, allowing each loan to stand on
its own merit. Exceptions to our investment guidelines can be made with the existence of what we deem to be
strong compensating factors.
| Maximum Investment Amount |
$10,000,000 |
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Markets: |
Established Markets Nationwide |
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Lien Position: |
First or Second Liens |
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Loan to Cost Stated: |
80% Most CRE - 75% Special Use |
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Maximum Term: |
25 Years Most CRE/20 Years Multi-family |
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Maximum Amortization: |
20 or 25 Years |
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Credit Score: |
None Stated But Generally > 650 |
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Use of Proceeds: |
Purchase, Refinance, Limited TI, Working Capital, Limited Cash-Out |
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Appraisals & Phase I: |
Required |
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Guarantees: |
Unlimited Joint and Several Guarantees Preferred but will accept Non-Recourse on a case by case basis |
First Lien LTVs & Debt Service Ratios
| Property Type |
LTV |
LTC |
DSCR |
| Hotel/Motel |
75% |
80% |
1.25X |
| Multi-Family |
75% |
80% |
1.25X |
| Warehouse |
80% |
80% |
1.20X |
| Office |
80% |
80% |
1.20X |
| Manufacturing |
80% |
80% |
1.20X |
| Retail |
80% |
80% |
1.20X |
| Medical |
75% |
80% |
1.25X |
| Special Use |
70% |
75% |
1.30X |
Least Desirable Product Types: Water Parks, Theme Parks, Aged Gas
Stations & Convenience Stores, Theaters,
Properties in Remote Geographies, Most
Churches
* The terms and conditions contained herein are not all-inclusive and are subject to change without notice
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