Commercial mortgages
Specialized lending to help enable your commercial development projects
Our lending focus
With an emphasis on careful management and a focus on specialized market segments, Protective puts its experience to work for commercial real estate developers and owners across the United States.We specialize in making real estate loans on credit-oriented or credit-anchored commercial properties, including credit-anchored retail centers, single-tenant credit industrial, single-tenant office, multi-family assets and medical offices.
Commercial mortgage guidelines and criteria
Protective deploys roughly $1.5 billion annually on commercial real estate loans. A high level outline of our lending criteria is included below:- Loans ranging from $3 million to $50 million, depending on the type of project.
- Forward rate lock available - up to 12 months with a rate premium or fee
- 75% maximum loan-to-value ratio
- Minimum debt service coverage of 1.20 (25 year amortization)
- Loan types include:
- Long-term, fixed-rate; fully amortizing or balloon structure
- Participation
Financing available for select property types
Protective focuses on property types within these segments:
Anchored shopping centers
Freestanding single-tenant
Medical office buildings
Industrial warehouse or distribution properties
Multi-family properties
Additional guidelines and materials
Assumption guidelines

Forms

Approved firms
