| Loan Amount | $100,000 – $2 Million |
|---|---|
| Minimum Property Value | $150,000 or greater |
| Loan Term | 30 years |
| Purchase | Up to 70% LTV |
| Refinance | Up to 65% of the As-Is Value |
| Cash-Out | Up to 65% of the As-Is Value |
| Time to Close | 30 Days |
| Asset Classes | Multifamily, Mixed use, Retail, Office, Light Industrial, Mobile Home Parks, Warehouse, Self-storage, Day Care Centers, Restaurants, Automotive |
| Lien Position | First mortgage |
| Interest Rate | Starting at 8.9% - 11.9% |
| Origination Fees | 1.00% – 3.00% (adjusted to loan size, timing, and complexity) |
| Minimum Credit Score | 640 |
| Amortization | Fully Amortized |
| Programs | 30yr Fixed, 3/1 ARM |
| Prepayment Penalty | 3yr or 5yr flat options |
| Lending in all states except | AK, CA, NV, AL, WV and VT |
A borrower seeking a long term commercial loan must meet the following generally statedminimum requirements.
| Borrower Type | US Citizen or permanent resident, Corporations, Trust or Limited Liability Companies |
|---|---|
| Borrower Liquidity | Flexible |
| Net Worth | Sufficient to support the loan and project scope |
| Credit Score | 620 or higher preferred |
Personal Documents
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Loan Application
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Driver’s License & Passport
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Personal Financial Statement
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Schedule of Real Estate Owned
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Bio/Resume
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Last Two Month’s of all Bank Statements
Property Documents
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Current Rent Roll
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Operating Statements for Last Three Years & YTD
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Operating Budget/Proforma for Next 12 Months
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Purchase Contract or Payoff & Current Mortgage Statement (if applicable)
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Leases
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Property Management Agreement
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Planned and Past Capital Improvements
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Valuation (to be ordered or provided)
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Title & Insurance Contacts
Business Documents
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Last 2-3 Years of Tax Returns (if applicable)
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Entity Documents
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Articles of Organization
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Bylaws/Operating Agreement
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Organizational Chart and Business Debt Schedule
We make it easy—download all the forms you need to start your loan application, hassle-free.