Conventional Lending Programs
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SMALL BALANCE COMMERCIAL LENDING: $200,000 - $2,500,000 - Private money lending
FOR CENTRAL & SOUTH FLORIDA, CT, RI, MA, NH, NJ & NYC ONLY (Min $400,000 S. florida)
|
Property Type |
Multi-Family | Mixed Use | Office | Retail | Warehouse | Condo |
| Rates | 6.875% - 8% | 6.875% - 8% | 6.875% - 8.25% |
6.875% - 8.25% |
6.875% - 8.25% | 6.875% - 8.25% |
| Program Type | Investor, O/O | Investor, O/O | Investor, O/O | Investor, O/O | Investor, O/O | Investor, 2nd home |
|
LTV/CLTV |
65% | 65% | 65% | 65% | 65% | 65% |
| Min Credit Score | 660 | 660 | 660 | 660 | 660 | 660 |
| DSCR | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 |
| Loan Term | 1,2,3,5 | 1,2,3,5 | 1,2,3,5 | 1,2,3,5 | 1,2,3,5 | 1,2,3,5 |
| DTI | 50% | 50% | 50% | 50% | 50% | 50% |
| Amortization | I/O or 25yrs | I/O or 25 yrs | I/O or 25 yrs | I/O or 25yrs | I/O or 25 yrs | I/O or 25 yrs |
| PPP | Optional | Optional | Optional | Optional | Optional | Optional |
| Other | Cross collateral | Cross collateral | Cross collateral | Cross collateral | Cross collateral | Cross collateral |
SMALL BALANCE COMMERCIAL: $300,000 TO +$15,000,000 - (All 48 States)
|
Property Types |
LTV | DSCR | Terms |
Credit |
Am Period | Doc Type | Loan Amounts |
| Apartment / Multifamily | 75% | 1.25x | 5,7,10, 30 | 660 | 25, 30 | Full | $750K - $25M |
| Mixed Use - Office, Medical, Warehouse... | 65% without SBA | 1.35x | 3,5,10 | 660 | 25 | Full | $500K - $15M |
| Restaurant (Flagged only) | 50% 75% | 1.40x | 3,5,7,10 | 660 | 25 | Full | $500K - $15M |
| Automotive Services | Up to 55% | 1.40x | 3,5,7,10 | 660 | 25 |
Full |
$500K - $5M |
| Day care | Up to 55% | 1.40x | 3,5,7 | 660 | 20,25 | Full | $500K -$10M |
| Industrial/Warehouse |
Up To 65% without SBA |
1.35x | 3,5,7 | 660 | 20,25 |
Full |
$500K - $15M |
| Hotel/Motel (Limited and Full) | 55% -65% | 1.50x | 3,5,7 | 660 | 20,25 | Full | Up to $5M |
LARGE BALANCE COMMERCIAL LENDING: $1,000,000 MIN & UP
Large balance loan requests require the right capital relationships and expertise to convert well planned projects into well funded ones! Our extensive network of funding relationships (i.e. Private portfolio funds, insurance companies, private banking) paired with our diversified commercial financing expertise and finacing management experience ensure that you will have the representation you need in order to effectively fund your loan.
Our model: Success = 80% planning and 20% execution.
- Stabilized properties (Refer to property types listed above)