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Commercial Loans

Small Balance Commercial Loan Program

Our experienced Commercial Loan Department will allow your Commercial Loan process go smoother from start to closing

Faster Closings

  • Predictable and consistent
  • Quick up-front approvals (48-72 hours)
  • Based on Fannie/Freddie residential
    guidelines

Less Complex

  • Borrower Focus vs. Property Cash Flow
  • Credit score
  • Personal financial strength
  • All income sources, not just property cash
    flow
  • Assets and cash reserves

More Qualified Buyers and Properties

Qualified on DTI OR DSCR

  • 15, 20, 30 year fully amortized
  • Fixed and Adjustable rate options
  • Purchase, Rate & Term Refi, Cashout Refi (unlimited)
  • Owner occupied or investor
  • 90% Financing available (10% Down)
  • 95% CLTV with seller 2nd (5% Down)
  • Individuals, LLCs, Corporations, Partnerships, Trusts
  • No limit on loans to one borrower
  • No depository relationship required
  • Up-front Approvals
  • DTI Driven
  • Borrowers with 580+ middle score
  • Local or out of state

Property Types

Eligible Property Types

  • Office
  • Warehouse/Self Storage
  • Bed & Breakfast
  • Mixed-use
  • Retail
  • Industrial
  • Qualifying Mobile Home Parks
  • Automotive
  • Funeral Home
  • Hospitality
  • Rooming House
  • Day Care
  • RV Park
  • Restaurant
  • Special Purpose

Ineligible Property Types

  • Land
  • Multifamily
  • Traditional Church
  • Gas Stations
  • Constructions

 

TYPES OF LOAN APPROVALS

  1. Full doc: Full doc gives you the best rates and highest LTV and requires you to prove your income and assets.
  2. Limited doc: Limited doc requires you to prove your income and assets with limited documentation.
  3. Stated income: Stated income, stated assets does not require proof of income and assets other than verification of employment. (You must prove employment)