Program CM110
Small Commercial
Real Estate Loans
- Loan amounts $250,000
to $1,500,000
- Property types:
- Mixed use
- Warehouse
- Retail
- Self storage
- Office
- Light
industrial
- Mobile home park
- Bed and
breakfast
- Automotive
- Minimum FICO 660
- Rates from 7.50%
- Maximum loan-to-value
(LTV) 80%
- Fixed
rates for 2, 3, 5, 7, 15, 20 & 30
years
- Best rates are
published, final rate is dependent upon loan to
value, quality of property and strength of borrower
- Amortization up to 30
years
- Unlimited cash out for
any reason
- Loan assumability
option available
- Easy qualification
based on lenient underwriting guidelines
- All loans are personal
recourse to borrower(s)/guarantor(s)
Program
CM120
Challenged Credit Commercial Real Estate
Loans
- Loan amounts $250,000 to $1,500,000
- Minimum FICO 600
- Property types:
- Mixed use
- Bar/restaurant
- Diner/tavern
- Bed and breakfast
- Strip mall
- Office condo
- Light industrial
- Warehouse
- Office
- Retail
- Funeral home
- Rates from 7.00%
- Maximum
loan-to-value (LTV)/combined-loan-to-value (CLTV)
85%
Program
CM130
Large Commercial Real Estate Loans
- Loan amounts
$1,000,000 to $5,000,000
- Maximum
loan-to-value (LTV) 90%
- Minimum FICO
600
- Amortization 15/20/30 years
- Subordinate financing
up to 20% of property value allowed
- No personal recourse
to borrower(s)/guarantor(s) option available
Program
CM140
Participating Loans
- Participating loans
are structured like debt but work like equity
- Loan size from
$3,000,000
- No current pay
requirements
- 3-4 year term
- Up to 98% loan-to-cost
(LTC), not to exceed 90% of equity
- Given the return
requirements, participating loans are most suitable for
underperforming assets or reposition plays
- Participating loans
are usually repaid through sale of the project
- Returns are based on
the profitability of the project
Program
CM150
Mezzanine Loans
- Loans are structured
as debt with monthly interest payments
- Loan size from
$4,000,000
- 3-5 year term
- Up to 85% loan-to-cost
(LTC)
- Depending on
risk analysis, an exit fee or limited profit participation
may be required
Program
CM160
No Doc. Commercial Real Estate
Loans
- Property types:
- Mixed use
- Retail
- Office
- Warehouse
- Automotive
- Bed and
breakfast
- Self-storage
- Mobile home
park
- No income, no asset
verification
- Loan size from
$250,000 to $750,000
- Minimum FICO 680
- Rates from 9.25%
- Maximum loan-to-value
(LTV) 75%
- No secondary financing
allowed
- Amortization up to 20
years
- No occupancy
requirement
- No seasoning
requirement for refinance or down payment
- Loan assumability
option available
- Trust, LLC, corporate
entity acceptable borrower with personal guarantee
- Quick
closings
Program
CM170
Sub-Prime Commercial Real Estate Loans
(California Only)
- Loan amounts $250,000 to $1,000,000
- FICO below 540 or no
credit score acceptable
- Property types:
- Mixed use
- Office
- Office condo
- Retail
- Motel/hotel
- Church
- Funeral home
- Car property
- Medical
- Light industrial
- RV park
- Specialty programs:
- Church (older or non-conforming
properties)
- Automotive (auto repair shops, used car
lots, tire shops, smog shops, junk yards, urban parking lots,
truck parking lots)
- Land & lot (urban lots, residential
lots, building lots, plant nursery, agricultural lots,
developable vacant land)
- Small town commercial loans
Second
mortgages on all commercial properties
Rates 10.00%-13.00%
Loan-to-value (LTV): 60%-70% for purchase,
55%-65% for refinance
First lien and second lien position
5-25 year term
Program CM180
Commercial Real estate Equity Line of
Credit (S. California
Only)
- 10-year line of credit
- 25-year loan term
- Wall Street Prime rate
index
- Line Amount
$250,000-$5,000,000
- Maximum
combined-loan-to-value (CLTV) 65%
To submit a
proposal and request for program information, click Real Estate Loan
Quote.
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