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Commercial Loan Programs
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Property types:
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Apartments, Self-Storage, Facilities, Shopping Centers, Mobile Home Parks, Manufacturing, Light Industrial, Restaurants
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Program Flexibility:
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Conventional, SBA & SBA Express; Fixed & ARM’s; No Baloons; Full Doc & Stated Income; “A” Paper , Sub Prime and Hard-Money
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Loan Proceeds:
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Acquisition, Refinance, Cash-out
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Size:
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$100,000 - $10 million
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Closing:
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30-45 days generally
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Debt Service Coverage:
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1.20% (possibly 1:1 with strong DTI)
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LTV:
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Up to 85% - 90% subject to property
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Term:
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20, 25 & 30 year amortization
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Interest Rate:
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Fixed Rates & ARM’s from Prime + 0.5%
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It is preferred that a property reflect positive cash flow, however in certain cases weaknesses may be offset by a strong guarantors and reasonable Debt To Income levels. Local and regional banks generally cannot match our flexibility.
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