Let’s Get Started!
About Tim
Tim Thomas joined Centennial Lending LLC in January 2012 as Vice President/Business Development. He has over 25 years of experience in SBA and commercial real estate lending and was formerly with Small and Medium Enterprise division of Bank of the West and served as a regional manager with Washington Mutual. Tim is a CCIM candidate and serves on CCIM’s Colorado/Wyoming Chapter Board of Directors. He is a sponsor and frequent panelist for the Denver Commercial Association of Realtors® and is a producer of educational videos on commercial real estate topics. Tim specializes in “small balance” commercial real estate permanent and construction lending and has been a top producer at Centennial for the past eight years, serving the leading commercial real estate brokerages in Metro Denver.
Tim is a graduate of Santa Clara University and has done graduate work at Loyola Law School, Los Angeles. He is a native of Denver and he and his family reside in Englewood.
Contact Me Today!
I would love to talk with you and encourage calls at 303-746-9169. Alternatively, you are invited to complete the following contact form. I will review the information and get back to you as soon as possible.
Commercial Real Estate, Construction, & Residential Lot Rates
| Base Interest Rate | Rate Adjustment | Loan Term | Indicative Spread at Adjustment |
Indicative Start |
|---|---|---|---|---|
| 3 Year CMT | Every 3 Years | Fifteen Year Term | 2.75% | 3.625% |
| 5 Year CMT | Every 5 Years | Fifteen Year Term | 2.75% | 3.875% |
| 7 Year CMT | After Year 7 | Fourteen Year Term | 2.75% | 4.125% |
| 10 Year Fixed | Fixed Rate | Ten Year Term | Fixed Rate | 4.375% |
Maximum amortization is 25 years. Loan may be utilized in conjunction with a Small Business Administration 504 loan to increase allowable combined loan to value.
| Interest Rate Index | Rate Adjustment | Loan Term | Indicative Spread at Adjustment |
Indicative Start |
|---|---|---|---|---|
| 3 Year CMT | Every 3 Years | Fifteen Year Term | 2.50% | 3.375% |
| 5 Year CMT | Every 5 Years | Fifteen Year Term | 2.50% | 3.625% |
| 7 Year CMT | After Year 7 | Fourteen Year Term | 2.50% | 3.875% |
| 10 Year Fixed | Fixed Rate | Ten Year Term | Fixed Rate | 4.125% |
| 15 Year Fixed | Fixed Rate | Fifteen Year Term | Fixed Rate | 5.000% |
Maximum amortization is 30 years. Non-owner occupied properties only.
| Interest Rate Index | Rate Adjustment | Loan Term | Maximum LTV/ Maximum LTC |
Indicative Start |
|---|---|---|---|---|
| WSJ Prime + 1% – 2.5% | Monthly | One to Five Year Term | 75% | 4.250% – 5.750% |
| Base Interest Rate | Rate Adjustment | Loan Term | Indicative Spread at Adjustment |
Indicative Start |
|---|---|---|---|---|
| 3 Year CMT | Every 3 Years | Fifteen Year Term | 2.75% | 3.750% |
| 5 Year CMT | Every 5 Years | Fifteen Year Term | 2.75% | 4.000% |
| 7 Year CMT | After Year 7 | Fourteen Year Term | 2.75% | 4.250% |
| 10 Year Fixed | Fixed Rate | Ten Year Term | Fixed Rate | 4.500% |
Maximum amortization is 30 years.
| Loan Term | Rate Adjustment | Property Type | Maximum LTV / Maximum LTC |
Indicative Rate |
|---|---|---|---|---|
| 12 Months | Fixed | Owner Occupied Residential | 80% / 80% | 5.750% |
| 12 Months | Fixed | One-to-Four Family Investment | 75% / 75% | 6.125% |
| 12 Months | Fixed | Commercial | 75% / 75% | 6.125% |
Origination fees are typically 1.5% of the loan amount plus reasonable and customary closing costs.
| Maturity | Rate Adjustment | Loan Term | Maximum LTV / Maximum LTC |
Indicative Rate |
|---|---|---|---|---|
| 3 Years | Fixed | Fifteen Year Amortization | 70% | 6.750% |
| 5 Years | Fixed | Fifteen Year Amortization | 70% | 7.000% |
| 7 Years | Fixed | Seven Year Amortization | 70% | 7.250% |
Origination fees are typically 1.5% of the loan amount plus reasonable and customary closing costs.
Rates are set at time of commitment and may be adjusted based on risk factors. Origination fees are typically 1% of the loan amount plus reasonable and customary closing costs. The loan terms contained herein may not be all-inclusive and are subject to change until your loan is approved and accepted.
What You’ll Need To Apply
Signed Loan Application
Copy of your Drivers License
Improvement Location Survey
Contract to Purchase
Insurance Agent Contact Information
Schedule of Leases or Rent Roll
Leases and Letters of Interest
Ready To Apply?
Click the appropriate link below to download the application.
Once downloaded, complete the editable PDF, save, and upload the completed document using the secure link below.
