Commercial Loan Overview
Commercial Loan
Overview >>> 4-EZ Steps >>> Guidelines
Rates as of 1/31/2008
| 65% to 95% LTV | |
| Loan Type | Int Rate |
| 3-Year Fixed-Rate | 6.093% |
| 5-Year Fixed-Rate | 6.206% |
| 7-Year Fixed-Rate | 6.420% |
| 10-Year Fixed-Rate | 6.120% |
| 10-Year Int Only | 6.270% |
| 30-Year Fixed-Rate | 6.770% |
Our nationwide COMMERCIAL LOAN and multifamily loan programs offer niche products for owner and investors to fit small and large balance commercial and multifamily situations.
We offer a 1st position commercial mortgage loan that competes with local and commercial banks, which encompass the following:
- Nationwide lending
- 30-year fixed rates
- 95% CLTV available
- Market Rents Program
- 10-year interest-only options
- Light Doc, Stated and No ratio
- 12-MAT, COFI, LIBOR available
- Letters of interest generally in 24-hours
- Aggressive underwriting and DCRs (from 0.80)
With commercial loan rates the lowest in the nation, loan-to-value (LTV) as high as 95% for purchase and cash out refinances, no balloon payments, 1% assumable, stated income, no escrow reserves for repairs and maintenance, 30-year term and amortization, 15/15, 30-day closings, no seasoning cash out refinances, no defeasance or yield maintenance prepay penalties make these programs the first choice of commercial borrowers nationwide. Commercial loan amounts available from $400,000 to $100 million in all 50 States.
Commercial loan approval begins with a Letter of Interest (LOI) or conditional loan approval, which is obtainable within 24 to 48 hours subject to our receipt of: a commercial loan application including real estate schedule, rent roll (if applicable), 2-years operating income, and credit report. See our commercial downloadable forms and an overview of the commercial loan process at 4-EZ Steps. Also, see general our Commercial Loan Guidelines.
| We Finance The Following Commercial Properties Nationwide. | |
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