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05/04/100-FC COMMERCIAL Rates are DOWN – From 4.25% Floating/5.40% Fixed
QUICKER Turn
Times:
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10 to 25 Days with NO SBA Involvement (Refi’s, Purchases, Own.Occ., N.O.O.)
-
35 to 45 Days for SBA-504b Purchases (Own.Occ.ONLY) with 75% to 90% LTV
HIGHER Bank-Paid
BROKER Commissions:
- 2.5% of 1st Lien Loan
Amount for Owner-Occupied Purch./Refi. - $75,000 Max.
- 1.5% of Loan Amount for
Non-Owner-Occupied Purch./Refi. - $45,000 Max.
- 1.5% of 1st Lien Loan
Amount for Construction to Perm. Loan - $45,000 Max.
EXPANDED Loan
AMOUNTS:
- $50,000 Minimum Loan Amount (EXCEPT
SBA - $200,000 Min. PURCHASE Price)
- $8,000,000 Maximum Loan – Multi-Use
Owner-Occupied Purch./Refi.
- $5,000,000 Maximum Loan – Multi-Use
N.O.O. Purch./Refi. (38 States)
- $5,000,000 Maximum Loan – Special-Use Own.Occ.
Purchase (SBA)
- $3,000,000 Maximum Loan – Special-Use Own.Occ.
Refinance
- $3,000,000 Maximum Loan – Special-Use
N.O.O. Purch./Refi. (38 States)
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