posted Jun 10, 2013, 3:24 PM by Massey Kouhssari
[
updated Jun 10, 2013, 3:25 PM
]
- Loan amounts from $50,000 to $3 million
- No pre-payment penalty after 6 months
- Certified Appraisal not required for all properties
- Junior Financing accepted in most cases
- Vacant commercial properties funded (in certain cases)
- Commercial or Residential
|
| Current Loan Rates | Quality | Rates* | Term | Points | | A | 8.5% | 1 - 3 years | 1½ - 4 | | B | 9.5% | 1 - 3 years | 2 - 5 | | C | 10% - 11% | 1 - 3 years | 3 - 6 |
| | * Rates subject to change | | |
| Maximum Loan-to-Value Ratios | Rental Commercial Properties | - Office Buildings
- Apartment Buildings (We seldom finance
1-4 family dwellings) - Retail Buildings
| - Strip Centers
- Shopping Centers
- Mobile Home Parks
- Trailer Parks
- Mixed-Use Properties
- Gas Stations
|
| 75%
(Possibly 70% or more only with strong compensating factors) | Business Properties | - Hotels
- Motels
- Restaurants
- Hospitals
| - Nursing Homes
- Adult Care Homes
- Convalescent Hospitals
- Churches
|
| 55%
(Possibly 65% with strong compensating factors) | | 50% | Development Land | 40% |
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