Financial Solutions for Your Business
Welcome to American Sky
Purchase, Refi, Build.
When people ask what we are most proud of at American Sky, we know that without a doubt, it’s the relationships with our Lenders and Borrowers.
First and foremost, we are committed to serving our customers, many of whom come back time and time again for additional lending needs. We so appreciate their continued business and know that they are what drives our success and their business success.
And of course, we consider ourselves extremely lucky to have long-standing, personal and professional relationships with many commercial lending institutions who are built upon honesty and integrity. These relationships are our cornerstone and we cordially invite you and your business to join our network of associates and friends.
American Sky has closed $1 billion in loans over the last three decades!
Products and Services
Loan Size
$500,000 to $100.0 million
Loan Type
Conventional, Warehouse Lines of Credit, USDA, SBA 504 & SBA 7a loans
Terms
Fixed Rate with balloons 5, 7 & 10 Years
Loan to Value
Up to 75% of Appraised Value and/or Purchase Price. On construction, up to 85% LTC
Amortization
Typically, 20-25 Years on commercial term loans. 12-18 months interest only on Construction loans.
Interest Rates
Competitive Fixed or Variable Pricing based on WSJP
Property Type
Residential & Commercial Construction
Investment, Multifamily, Portfolios, Medical Office Buildings, Retail Shopping Centers, Industrial Manufacturing, Warehouses, Self-Storage Buildings, Commercial Garages & Land for Development
Loan Purpose
Purchase & Acquisition, Construction – Residential/Commercial & Refinance, USDA/SBA financing options
Borrower
Individual or Commercial Entities
Reserves
Subject to type of finance structure. Ongoing TI/LC and Capital reserves may be required.
Recourse
Recourse is typically required for principals holding 20% interest in entity. If Non-recourse is requested, it will be subject to length of time in business, LTV and liquidity.
Prepayment penalties
Subject to Loan structure and length of term
Loan Fees
American Sky will be engaged as a Financial Services Broker. The fees will be included in the financing subject to institution approval.
Debt Service Coverage Ratio
Property specific, minimum coverage of 1.25 to 1.0
Loan Application Required Documents
Required Forms
Signed Business Loan Application
Required Financial Information
Business
Business tax returns – 3 years
Year-to-date financial statements – if more than 90 days from fiscal year end
Business debt schedule
Individuals/Guarantors
Personal financial statements with complete real estate schedule
Contingent liabilities schedule – if applicable
Personal tax returns – 3 years (W-2 for current year if tax return not available)
Schedule K-1s for each entity reported on personal tax returns
Business tax returns for guaranteeing entities – 3 years
Real Estate Information
Purchase and sale agreement
Historical rental income and expenses
Pro forma income and expenses
Current rent roll and leases
Other Information
Copy of entity filings and ownership verification
Company information and website address
Apply Now!
Purchase, Refi, Build.
American Sky Financial helps you secure commercial real estate financing in all 50 United States!
Loan Application
Contact Us.
Feel free to contact us with any questions!
Phone Number: 970-852-5258
E-Mail Address: info@amskyloans.com
Website: www.amskyloans.com
