Commercial Loans
Commercial loans
are available for virtually all uses including multi family,
mixed use, office, retail, warehouse, industrial and
automotive. While underwriting is done on a loan-by-loan
basis, some features of our popular programs are as
follows:
- loan amounts up to $10
million
- loans made to corporations,
partnerships, LLCs or trusts
- asset based qualification
(stated income and no tax returns)
- up to 90% total cost
financing
- up to 80% LTV
- land equity and prepaid
costs count as down payment
- fixed or adjustable programs
- 30 year amortization
- interest only
payments
Subdivisions
For subdivisions, we offer a line of credit that finances up to 30 homes. Some of the features of the line of credit are:
 |
-
up to 90% of the LTC (Loan to
Cost) or 80% LTV (Loan to Value)
-
borrower may
be corporation, partnership, LLC or
trust
-
partial releases for sold
homes
-
lot draws of up to 75% of land
value
-
terms up to 24 months
-
no payments during
construction
-
no credit score required
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For more information on
commercial loans, give us a call toll free at
1-800-438-2704.