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Best COMMERCIAL Loans just “got better” for YOU!!

posted Nov 17, 2010, 9:15 AM by Massey Kouhssari

QUICKER Turn Times:

            - 10 to 25 Days with NO SBA Involvement (Refi’s, Purchases, Own.Occ., N.O.O.)

            - 35 to 45 Days for SBA-504b Purchases (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 - $150,000 Min. Total Loan)

            $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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2.5% Owner-Occupied Broker Commission

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1.5% Investor-Held (NOO) Broker Fee

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49 States for Own.Occ. Properties

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38 States for Investor-Held (N.O.O.)

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$50,000  Minimum Loan Amount

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$3,000,000 - $8,000,000 Max. Loan

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10 to 25 Day Closings Possible (not SBA)

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5.0% (and UP) Floating Interest Rates

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5.50% (and UP) Fixed Interest Rates

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650 Minimum Experian FICO

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CONSTRUCTION (Comm. O.O. ONLY)

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FULL DOC ONLY

 

1.

ALL Offices – Condo/Medical/Buildings

2.

Light Industrial – Assembly – Office/Warehouse

3.

Multi-Store Retail Center/Strip-Mall

4.

Heavy Industrial – Factory – Manufacturing

5.

Specialty or Stand-Alone Retail Store

6.

Grocery or Convenience Store (NO Gas Pumps)

7.

Car/Truck/Motorcycle Service Shop (NO Dealers)

8.

Funeral Homes (NO Cemeteries)

9.

Salons – Day Spas – Barber Shops

10.

Restaurants (NO ‘Bar-Only’ – MUST Serve Food)

11.

Charter Schools – Day Care Centers

12.

Oil/Lube Centers (Floor Pits)  -OR-  Metal Buildings

13.

SFR Conversion (Commercial Use ONLY)

14.

Mixed-Use (Commercial with Residential Units)

15.

Laundromat or Dry Cleaner

16.

Assisted Living Center (38 States ONLY)

17.

Self-Storage Facility (38 States ONLY)



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