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COMMERCIAL PROPERTIES AND LOANS

Commercial loans are defined as those for apartments 5 units or more, commercial buildings, strip malls, mixed use properties
(i.e., residential rental above a retail location). The loan can be for either a purchase or a re-finance. A re-finance can be with or without extra "cash out" to the borrower.

We have loan programs with short and long term repayment schedules.

Purchase:
Purchase programs are available with down payments in the 25%-30% range. In addition, all borrower's credit is graded, and we have loans for perfect credit and those borrowers with some credit blemishes.

Re-Finance:
A re-finance loan is where the borrower is already on title, or owns the property (with or without an existing loan), and wants to get a new loan. This new loan can be for the amount of the old loan plus some of the costs (called a rate & term), or it can be for a higher amount resulting in the borrower receiving additional cash from the loan proceeds (called a cash out).

Interest Rates:
Rates on these programs are determined by the income generated by the property, the amount of money being borrowed, the length of the loan, and the borrower's credit and the borrower's ability to service debt. Please contact us for additional information. Lets make one thing perfectly clear, in most cases we pass our wholesale rates directly on to our borrowers. With the borrower's knowledge and consent we can increase the interest rate to receive funds back from the lender to help pay some of the borrower's expenses and costs.