SMALL BALANCE COMMERCIAL REAL ESTATE LOANS
Innovative Lending Programs
Commercial real estate investors are familiar with hard money or bridge loans and how to use them for projects of all sizes. Closely related to this financing is “soft money” or Small Balance Commercial Loans. Not many investors are aware of this financial product, or the advantages it offers.
Small Balance Commercial Loans is similar as a hard money loan, but with a low interest rate. The other differences from a hard money loan is that Small Balance Commercial Loans has longer payment terms, which translates to more manageable payments over time, after funds are used on real estate projects.
• Multifamily • Mixed-Use • Warehouse • Office • Retail • Light Industrial
• Mobile Home Park • Self-Storage • Automotive • Daycare Center • Restaurant • Bar
Program Highlights:
LTVs up to 80%
Loans from $250K to $2M
Amortizations up to 30 years
No seasoning requirements
Cash-outs
Flexible prepayment options
Owner-occupied and investor
Tier II:
Multifamily 5+ units, Mixed-Use (Commercial), Office, Retail, Light Industrial, Self-Storage, Warehouse, Automotive, Mobile Home Park, Daycare Center, Restaurant, Bar
No Personal Tax Returns, NO Personal Income Verified
Loan Size: $250,000 to $2 Million (call for loans under $250,000 and loans over $2Million)
Max LTV: Up to 80% for Purchase and Rate and Term Refinance and Up to 80% LTV for a Cash-out Refinance
Cash Flow Requirements: Qualifying Income based on Subject Property’s Cash Flow
Minimum Credit Score: 650 FICO Score
NO SEASONING REQUIREMENT on Title and the ability to use appraised value vs. cost basis
STATED OWNER OCCUPIED PROGRAM AND BANK STATEMENT PROGRAM AVAILABLE FOR BUSINESS OWNERS. BUSINESS PURPOSE LOANS FOR NON-OWNER OCCUPIED AND INVESTMENT PURPOSES ONLY.
Tier I:
Property Type: SFR, Condominiums, Townhouses and 2 - 4 Units
No Personal Tax Returns, NO Personal Income Verified
Loan Size: $100,000 to $2 Million (call for loans under $100,000)
Max LTV: Up to 80% for Purchase and Rate and Term Refinance and Up to 80% LTV for a Cash-out Refinance
Cash Flow Requirements: Qualifying Income based on Subject Property’s Cash Flow
Minimum Credit Score: 650 FICO Score