Commercial & Multifamily Loans
Commercial Mortgages
Our nationwide COMMERCIAL LOAN and multifamily loan programs offer niche products for owner and investors to fit small and large balance commercial and multifamily situations.
We offer a 1st position commercial mortgage loan that competes with local and commercial banks, which encompass the following:
- Nationwide lending
- 30-year fixed rates
- Market Rents Program
- 10-year interest-only options
- Light Doc, Stated and No ratio
- 12-MAT, COFI, LIBOR available
- Letters of interest generally in 24-hours
- Aggressive underwriting and DCRs (from 0.80)
| 65% to 95% LTV | |
| Loan Type | Int Rate |
| 3-Year Fixed-Rate | CALL |
| 5-Year Fixed-Rate | CALL |
| 7-Year Fixed-Rate | CALL |
| 10-Year Fixed-Rate | CALL |
| 10-Year Int Only | CALL |
| 30-Year Fixed-Rate | CALL |
With commercial loan rates the lowest in the nation, loan-to-value (LTV) as high as 80%* for purchase and cash out refinances, no balloon payments, 1% assumable, stated income, no escrow reserves for repairs and maintenance, 30-year term and amortization, 15/15, 30-day closings, no seasoning cash out refinances, no defeasance or yield maintenance prepay penalties make these programs the first choice of commercial borrowers nationwide. Commercial loan amounts available from $400,000 to $100 million in all 50 States.
Commercial loan approval begins with a Letter of Interest (LOI) or conditional loan approval, which is obtainable within 24 to 48 hours subject to our receipt of: a commercial loan application including real estate schedule, rent roll (if applicable), 2-years operating income, and credit report. See our commercial downloadable forms and an overview of the commercial loan process at 4-EZ Steps. Also, see general our Commercial Loan Guidelines.
* Although financing is available for up to 100% LTV, the limiting factor is the Debt Coverage Ratio (DCR). DCR is a ratio of the net income (before paying the mortgage payment) versus the mortgage payment. DCR typically runs from 1.15 to 1.35 although there are situations where a DCR can be as low as 0.80. This means that the net income of the property must cover the mortgage payment by 115% to 135% after expenses. The lender factors in normal expenses, property management (even though you will be, or are already, managing the property), vacancy, property taxes and insurance.
| We Finance The Following Commercial Properties Nationwide. | |
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