| Are you
a real estate investor, that
likes to buy commercial properties in the $1MM range
but can't get
high enough LTVs to complete the acquisition?
OR
Do
you currently have an owner occupied income
producing commercial property that needs to be
refinanced?
We
specialize in financing income producing, commercial
properties from $1,600,000 all the way down to
$110,000. We offer LTVs as high as 90% with
one loan
and
secondary financing up to 95% CLTV (and NO- you don't need to have an 800
credit score to qualify).
*Loan
programs start with credit scores as low as 580.
*Does your property's cash flow FALL SHORT of the
industry standard 1.0-1.25% Debt Service Coverage
Ratio?
Our underwriters use a "common
sense" approach to commercial loan underwriting.
If you have Assets and Cash Reserves, this can
often be used as a compensating factor, to offset
the property's weak cash flow. All income sources
are considered, not just the subject property's.
Loans close in approximately
30-45 days, with pre-approvals/ term sheets be
done in about 3 days.
The property types we specialize
in are:
- Multifamily
- Mixed-use
- Office
- Retail
- Self Storage
- Warehouse
- Office
- Light Industrial
- Mobile Home Parks
- Industrial
|
-
Gas Stations-
NEWLY ADDED
- Automotive
- Funeral Homes
- Flagged/ Unflagged
Hospitality
- Rooming House
- Health Care
- Day Care
- RV Park
- Restaurant
- Special Purpose
|
PROGRAM FEATURES:
- 97%
LTVs* ON OWNER-OCCUPIED PROPERTIES-
NEWLY
ADDED
- Up-front
Approvals
- No limit on
loans to one borrower
- No depository
relationship required
- 90% Financing
Available (10% Down)
- 95% CLTV with
seller 2nd (5% Down)
- Owner Occupied
or Investor
- Individuals,
LLCs, Corporations, Partnerships, Trust
- 15, 20, 30 year
fully amortized
- Fixed and
Adjustable rate options
- Purchase, Rate &
Term Refinance, Cashout Refinances (unlimited
cash)
- Flexible Pre
Payment Penalty Options
- ASSUMABLE with
qualification
- No ongoing
financial reporting required
If you have an
income
producing commercial property that meets this
criteria, please click on the "Tell Us About The
Deal" button
below and
fill out the requested information. You will be contacted
within 24-48 Hrs.
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