COMMERCIAL REAL ESTATE LOANS NATIONWIDE
- LOAN TYPES:
- Commercial: Acquisition, Bridge to Construction, Bridge to Refinance, Bridge to Sale, and Refinance.
- Multi-Family: Acquisition, Bridge to Construction, Bridge to Refinance, Bridge to Sale, and Refinance.
- NOOC SFR: Acquisition, Bridge to Refinance, Bridge to Sale, Buy to Rent, Fix & Flip, Fix to Rent, and Refinance.
- First Mortgages only.
- LOAN AMOUNTS:
- Commercial: $500K to $10MM.
- Multi-Family: $100K to $5MM.
- NOOC SFR: $100K to $5MM.
- FICO REQUIREMENTS:
- Commercial: 600+.
- Multi-Family: 525+.
- NOOC SFR: 600+.
- PROPERTY TYPES: Multi-Family, Commercial (Office, Retail, Industrial, Warehouse, Mixed-Use, & Hospitality) and NOO SFRs.
- GEOGRAPHY: Nationwide
- CLOSING: Within 15 business days.
- RATES: Starting at 8.0%, Interest Only.
- RECOURSE: Yes, Non-Recourse on a case by case basis.
- LOAN: 12 to 24 months.
- LTV: Up to 80% (less for cash out).
- ORIGINATION FEES: Starting at 2.5%.
- UNDERWRITING: Documents required as described in Send Us A Loan.
- THIRD PARTY REPORTS: Appraisal, Environmental Scan/Phase 1 (commercial only), as quoted by the report provider.
- INTEREST RESERVES: Available and required on non-cash flowing properties.