We help business owners and individuals secure commercial real estate loans for purchase, refinance, refinance – cash out, or for investment. We have various loan programs for borrowers with either good credit or bad credit. Below are some of the lending parameters and minimal requirements to initiate funding. If you have any questions please contact us. We are here to help.
Lending requirements – parameters
- Commercial loan application completed
- Personal Financial Statement
- Complete last 6 months of borrowers business and personal bank statements.
- Complete Debt schedule listing all business debt being serviced
- Rent roll if purchasing, refinancing, or cash out of commercial property with tenants.
- Most recent mortgage must be current on mortgage
- Appraisal of property will be ordered by lender and paid for by borrower
Lending Parameters
- Loan size $ 100,000.00 – $ 50,000,000.00
- 50% to 85% loan to value on a case by case
- Property types: Office buildings, income producing, multi family, mixed use, retail, light industrial, warehouse, self storage, condo, mobile home parks.
- Rate adjustments depend on property type, credit score, borrower net worth/ liquidity, purpose of loan,market size, and more.
- Terms 5,7 or 10 years with negotiable extensions
- Amortization 25 or 30 years
- Prepayment premiums depends on transactions and lender
- Deposits and fees depends on type of transaction
- Loan reserves depends on type of transaction
- Rates depend on the type of transaction, borrower credit and experience.