Commercial Lending Information

List of the Commercial Properties we will accept:

• Multi Family > 4 units
• Mixed-Use (Retail with Apts)
• Strip Malls
• Office Buildings
• Commerical Condos
• Light Industrial
• Warehouse
• Special Purpose - Self Storage, Fast Food, Day Care, convalescent Home, etc.

Commercial Documentation Types

If the Loan is between $50,000 and $500,000 the DOC TYPE is stated income stated asset.

• LTV based on credit scores - upto 80% Financing 
• Minimum Credit Score is a 660
• Owner Occupied or Investment  
• All Legal Entities are acceptable

If Loan Amount is over $500,000 please call for the various DOC Types that are available for you situation

 If the loan is over $500,000 we will need the following:

• Borrower(s)/Owner(s) Name, address. SS Number and Phone number
• Property Address including county (geographic restrictions apply)
• Property income broken down by unit (monthly rental income, sq ft. occupancy, unit type - apt, office, light industrial
• Annual Expenses (real estate taxes, water and sewer, insurance, heat, utilities)
• Loan Type and Term (1, 3, or 5 yr arm, 10 or 15 yr fixed,  most loan types can go to a 40 yr ammortization)
• Current Mortgage Balance on Property if Refinance.

Once we have the above information we will run a credit report on the primary borrowers/owners.  We should have a letter of intent back to you within 72 hours.