COMMERCIAL PROGRAMS
Summary Grid
~ For detailed information please click on the appropriate heading for the program you are interested in. ~
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for small commercial |
Full Document for large commercial |
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| Loan Size | $100,000 to $1 million | $100,000 to $1 million | over $1 million to $5 million |
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Property Types |
Most income producing property types, including special purpose |
Multi-Family, Mixed-Use, Office, Retail, Warehouse, Self-Storage, Light Industrial and Mobile Home Parks |
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Program Description |
Designed for the non-conforming borrower and/or non-conforming property type. |
Created to simplify the commercial lending process for small commercial full doc loans. | Competitive rates for larger commercial loans |
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Underwriting Process |
Concentrating more emphasis on the property rather than the borrower. |
We primarily look at the borrowers ability to repay the loan, not just the property. No minimum debt service requirement allows us to increase our ability to finance properties that may not pass traditional underwriting guidelines. |
Both borrower income and property debt service are considered. |
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Target Borrower |
Perfect for real estate investor, self-employed individual or business owner who does not want to show proof of income. |
High credit borrowers Low debt relative to income No lates in last 12 months |
Good to excellent credit Property has good debt service |
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Additional Highlights |
The program accepts borrowers with sub-prime credit, having a recent bankruptcy and properties with no seasoning. |
Our loan process is familiar with our residential style of underwriting. Common sense underwriting that is streamlined and fast. |
Good alternative to traditional commercial financing.
Call us at 877-460-3863 toll free for details on full doc loan amounts above $2 million |