|
Stated Commercial
Loan Programs
As a
commercial mortgage Lender we lend across the nation so that we may offer a
wide range of financing options for your commercial property.
We offer commercial
loans for all types of commercial properties, including
Multifamily,
Assisted Living,
churches,
Health Care,
Hotels,
Industrial
(light),
Medical Offices,
Mixed Use,
Mobile Home Parks,
Motels,
Office Buildings,
Self-Storage,
Mini-Warehouses,
Specialty Properties,
Automotive,
Strip Malls,
Convenience Stores,
Warehouses,
Apartment
and just about any income
producing
property.
Stated Program
-
Loan
Amount: $200,000.00- $1,500,000.00
-
Term: Fixed between six months to five
years with maturity in thirty years.
-
Prepayment: Six month, one year and two
year option: 5/4/3/21/, three year option: 5/5/3/2/1 and five year option:
5/5/5/3/2
-
Eligible Properties: Retail, office,
warehouse, multifamily, mixed use, self storage, hotel, daycare,
restaurant/bar, auto.
-
Eligible Fico: Minimum middle Fico score
600
-
Amortization: thirty year for all
products. Interest only options available for loans with LTV’s at 65% or lower.
-
Caps: All loans have a life cap of 6%
above the start period and 2% for
each change period.
Lite Doc Program
Our lite doc program provides an
alternative for those borrowers seeking better terms who can provide some
supporting income documentation. Documentation Requirements: owner occupied
property: three years personal and business tax returns. Investment property:
Two years property and personal tax returns.
-
Loan Amount: $500,000.00-
$3,500,000.00
-
Term: Fixed between two years to ten
years
-
Prepayment: Five percent for the fixed
term of the loan
-
Eligible Properties: Retail, office,
warehouse, multifamily, mixed use, self storage.
-
Eligible Fico: Minimum middle Fico score
600
-
Amortization: Thirty year for all
products
|
