Small Balance Commercial Real Estate Loans
Loan Amounts $ 100,000 to $5,000,000
Terms:
10 to 30 years
6-9% Rates for Tier 1 Credit Scores 650 +
9-11% Rates for Tier 2 Credit Scores 550+
Loan to Values Up To 80%
No Limit On Cash Out On Tier 1
6 Month Ownership Seasoning Requirement on Tier 1
Occupancy – Investor or Owner-Occupied
Borrowers - US Citizens, Permanent Resident Aliens, Legal Entities
Loan Purpose: Purchases
Loan Purpose:
Rate and term refinance
Loan Purpose:
Cash Out
Income Documentation for Owner Occupied Properties
Full Doc – 2 Years Corporate Tax Return
Bank Statement 12 months business bank statements
(Only the last 12 months business bank statements are requested)
For Stated Owner-Occupied Program: Guarantor(s) are not required to provide personal or business tax returns to qualify for this program.
Property Types
Apartment Buildings
RV/MH Parks
Warehouses
Light Industrial
Mixed-Use
Bars & Restaurants
Auto Repair Shops
Day Care Facilities
Salons
Funeral Homes
Hotels
Hospitality
You'll be pleased to know that our responses and closing times are fairly quick. Approvals are given in two days from receipt of complete credit package, and we can execute closings in as little as two to three weeks.
Rates
Adjustable rates as low as 6% or fixed rates for 30 years and LTV's of up to 80% are available on almost all commercial property types with first liens only. Credit scores as low as 500 are accepted.