Help you real estate savvy borrowers can take advantage of low
housing prices. We have the ability to finance up to 3 properties per
borrower, and use rental income for subject property!
·10 Financed Properties
BankerBroker.com will allow a borrower to finance up to 3 properties.
For example, if you own 15 properties but only 7 are financed, we will
allow you to finance another 3 properties.
·No Rapid Acquisition
As long as you qualify we will allow for the purchase of up to 3 properties
at one time!
If you have 5 or more financed properties and have a two-year landlord
history, BankerBroker will allow for rental income to be used on the subject
BankerBroker provides gas station commercial loans for gas station, service station, gas and c-store and other similar property types located in all 50 states and the District of Columbia. Gas station commercial property loans are available for the acquisition or refinancing of above average condition properties.
In recent years, gas station financing has become more and more difficult due to a dynamic and ever changing industry, environmental concerns, strict supplier agreements and other external factors negatively impacting the industry.
BankerBroker understands these challenges and has created special purpose gas station financing to meet the individual needs and requirements of its clients.
Gas Station Financing - Eligible Property Types -
Properties eligible for BankerBroker's gas station commercial real estate loan program should be of above average condition, environmentally compliant and located in medium and above market sectors.
Loans Must be Secured by Real Estate
Brand or Non-Brand
Gas With C-Store
Owner-Occupied or Investor Properties
Convenience With Limited Food Service OK
Established Businesses Only - No Start Ups -
Gas Station Commercial Loans - Program Highlights -
Minimum Gas Station Commercial Mortgage Loan Size is $500,000
Loan Collateralized by Commercial Real Estate - No Business Only Financing
Acquisition or Refinance of Stabilized Gas Station Properties
Minimum 660 Credit Score
3, 5, 7, 10 Year Fixed Rates
15, 20, 25, & 30 Year Amortizations
Flexible Prepay Options
75% LTV - Subordinate Debt OK
3 Years of Historical Income Req.
Low Minimum 1.40 DSCR
Initial Gas Station Loan Documentation Requirements
To consider a request for financing, BankerBroker requires the following documentation:
3 Years Business Tax Returns
3 Years Borrowers Tax Returns
Business Interim Financial Statements
Schedule of Inventory
Franchise Agreement if Applicable
Phase l / Phase ll Report
To learn more about BankerBroker's gas station financing contact a commercial mortgage professional today at 1-949-244-1880
For borrower seeking 80% gas station financing, BankerBroker offers borrowers an SBA loan option. Contact a gas station commercial mortgage professional for more information.
Copy of offer letter or work contract and / or work visa and latest paystub if received.
US credit report if they have a SS#. No credit score or low score is allowed.
SS# or ITIN# required before funding.
Typically no foreign credit report is required.
If they do not yet have a SS# you can submit with no US credit and leave this section blank.
Complete asset statements (foreign funds are usually acceptable) for net worth review. Screen shots are not allowed. Convert foreign funds to the USD equivalent on your 1003. Please note - the more assets you can list the easier it is for us to approve a file.
Please add the spouse to the loan if possible (pull a joint credit report if they have a SS # but none is required).
If the spouse is not on the loan please divide any shared asset by 50%.
Stocks, vested options, mutual funds, bonds etc. are used at 100% face value and consider liquid for reserve purposes (see rates sheet for requirements).
We allow the seller to cover up to 6% in closing costs AND HOA dues.
We always ask what they are doing for a car and debt them 500.00 per spouse if no cars are listed as an asset. Some exceptions apply.
We will offer a car loan (or two) and credit card (or two) should they need these immediately. The mortgage, car loan, and credit card will all appear on their US credit.
Please qualify at 6.00% over the start rate for the 3/1, 2.00% over the start rate for the 5/1, and use the start rate for the 7/1.
Please let me know if you have any questions.
Foreign national - pre-approval checklist max 50% LTV
posted Aug 28, 2014, 5:57 PM by Massey Kouhssari
updated Mar 28, 2015, 1:34 PM
FHA “Back to Work” Program: Get Your Consulting Requirement
We are here to help
you get the required Consulting that is needed to obtain a new FHA mortgage –
even if you’ve recently lost your home or declared bankruptcy.
About the Program
Under the new federal
program called “Back to Work – Extenuating Circumstances”, if you have had a
foreclosure, short sale, deed-in-lieu of foreclosure, or have declared
bankruptcy you may qualify for a new home loan if you are back to work and can
document the extenuating circumstances. BankerBroker.com is here to help you
complete the program qualifications.
Do You Qualify?
FHA will consider you
for eligibility if you had a financial hardship in the past but can now
document the following circumstances about yourself:
1.You meet FHA loan requirements
2.You can document the mortgage or credit problems resulted from a
3.You have re-established a responsible credit history
4.You have completed HUD-approved housing Consulting
A lender will first
have to determine if you meet the FHA loan requirements before you can apply
for a FHA loan under the Back to Work program. You will need to explain how the
financial hardship was something beyond your control that reduced your income
or caused you to lose employment. If your household income dropped by 20% or
more for at least six months, it may count for this type of financial hardship.
To re-establish credit
you must have a 12 month record of on-time rental housing payments with no
delinquencies, and not have been 30 days late on more than one non-housing loan
payment. If you still have any open collection or judgment accounts, then a
“capacity analysis” will be done to see if you can repay those creditors.
How to Get Started
To start an
application with a us as your FHA-lender you must first take a “Pre-Purchase Consulting”
phone interview with a HUD approved housing Consulting agency 30 days before
you start the application. A certified counselor will assess your debt, ability
to afford the mortgage, features of the mortgage, explain mortgage insurance
and the loan application process. BankerBroker.com is a HUD-approved housing Consulting
agency, and can help you make sure you have done everything you need to do to
access the “Back to Work–Extenuating Circumstances” program. You will need to
complete your Consulting at least 30 days before you apply for a new FHA
mortgage. Your certificate is valid for 6 months.
BankerBroker.com’s Pre-purchase Counsulting
offers the HUD-approved housing consulting that is required for your FHA loan application.
If the recession
caused a loss of income that led you to lose your home or declare bankruptcy,
you can call BankerBroker.com for Pre-purchase Counsulting and ask about the
“Back to Work” program. 877-410-6663
Where can I get more information on the 203K Rehabilitation Program or refinancing a property that needs upgrades, renovations or repairs? HUD 203K Rehabilitation Program
What loan fees does Priority Financial require be disclosed on the GFE?
Loan Fees: $350 Underwriting Fee to FAMT $650 Administrative Fee to FAMT Lender Paid Compensation must also be correctly disclosed on the GFE Please Note: No other fees should be listed in the first section of the GFE
What is Priority Financial`s Mortgagee Clause? Loss/Payee Clause Title and CPL
Priority Financial Network dba of
BM Real Estate Services, Inc
ISAOA/ATIMA 5016 N. Parkway Calabasas, Suite 200, Calabasas, CA 91302
Hazard Insurance Binder:
BM Real Estate Services, Inc
5016 N. Parkway Calabasas, Suite 200, Calabasas, CA 91302
Please note: Binder must cover 100% replacement cost. Provide paid receipt.