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We offerInvestorForeign NationalTAX ID/ITINConstructionCommercialBank StatementHard MoneyBridgeloans.

Commercial lending for new or existing space

Commercial real estate (CRE) is income-producing property used solely for business (rather than residential) purposes. Examples include retail malls, shopping centers, office buildings and complexes, and hotels. Financing – including the acquisition, development and construction of these properties – is typically accomplished through commercial real estate loans: mortgages secured by liens on the commercial property.

Multi-family/Commercial Financing:

  • This is eligible for Multifamily Residential and or Commercial Space
  • Mixed Used Property
  • Loans can go up to 5,000,000 dollars
  • Also available to Foreign Nationals who are looking to expends their businesses to the US.

Program Details:

  • Investment properties only, up to 35 units
  • Up to 75% LTV purchase / 70% LTV refinance
  • No income or stated income, okay ( only rent rolls)
  • Min Credit 550

Program Parameters:

  • Calculation: Subject’s Rents ÷ Subject’s Monthly Payments = DSCRSubject’s Monthly Payments = Principal, Interest, Taxes Insurance and AssociationFees (PITIA)
  • Reconciled rent estimate based on 1007 and internal rent survey or lease agreement
  • Available ratios:≥ 1.0 – Property is cash flow positive
  • ≥ 0.750 & < 1.0 – Property is cash flow negative
  • < 0.750 – Property is severely cash flow negative

Rates:

  • 75% LTV starts at 6.75% 5-1 ARM (30 yr amortization)
  • 75% LTV starts at 6.875% 3-1 ARM (30 yr amortization)
  • 3 Year Prepayment Penalty
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