Low Rate Commercial Private Money Loans
For credit worthy investors with stabilized commercial properties who want a better alternative to bank financing…
- Nationwide
- Commercial: storage, single tenant, mixed-use, mobile home parks, retail, day care and others
- $1 Million to $10 Million
- 3.75% to 4.85% fixed
- Interest only option (12 to 36 months)
- Low loan costs and points
- 5 year term
- Amortization: 25 years for low monthly payments
- Finance up to 65% of purchase price
- Refinance up to 65%; Cash-out up to 65%
- No tax returns required
- Experienced borrowers with 680+ credit
- No prepay
- Nonrecourse
- For stabilized, well maintained properties, 80%+ occupied
- Monthly/annual leases
- Tenant rents curent confirmed by recent bank statement
- Debt Service Coverage Ratio required: 1.25X+
- Borrower must have recent experience owning similar multifamily property(s)
- Borrower net worth greater than loan amount (combined for all key principals)
- Borrower liquidity greater than 25% of loan amount (combined for all key principals)
- No bankruptcy or foreclosures in last 5 years
- PRE-APPROVAL LOI in 48 business hours
- Loans funded 4 weeks after we receive loan docs
- Non-recourse option
- No upfront fees..we are paid when your loan is funded at closing.
Please click blue Commercial & Mixed-Use link for FREE PRE APPROVAL LOI within 48 business hours. With a few clicks of your mouse it TAKES LESS THAN 6 MINUTES TO GET STARTED NOW. No credit cards, Social Security Numbers or credit checks are required.[/vc_column_text][/vc_column][/vc_row]
