|
Income Producing Real Estate Loans
FEATURED RATES
Rates as of 04/10/2008
|
|
|
| LOAN TYPE |
Rate |
Term
|
| 3-Year Fixed |
6.250% |
30-Year |
|
| 5-Year Fixed |
6.250% |
30-Year |
|
| 7-Year Fixed |
6.660% |
30-Year |
|
| 10-Year Fixed |
6.720% |
30-Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
Above Rates are for Loans over $ 1,000,000. Below that, call for rates.
|
1) Commercial Loan
STATED PROGRAMS ( No Income Docs.)
Program A- Stated Income/Stated Assets ( No Income Docs )
$250,000-$1,500,000
- Up to 70% LTV (90% CLTV) 1, 2, 5, 15, 20, 25 & 30 yr Fixed
- Fully amortized for 15 to 30 yrs (no balloons)
- No DSCR requirement
- No seasoning required
- Most property types
- Fast closings
- 680+ credit score
Program C- Stated Income/Stated Assets ( No Income Docs )
$250,000-$3,000,000
- Up to 70% LTV (95% CLTV)
- 2, 3, 5, 7, 10, 15 & 30 yr Fixed
- 30 yr fully amortized (no balloons)
- Debt service requirement 1.20-1.25
- Rural properties accepted
- 680+ credit score
Program E- No Income, No Assets
No Employment, True NINA ( No Income Docs )
$250,000-$5,000,000
- Up to 70% LTV (90% CLTV)
- 30 yr and 40 yr Amortized
- 1, 3, 5, 10, & 15 yr Fixed
- Debt service requirement 1.20-1.30
- 2 & 5 year Interest only options
- 680+ credit score
|
FULL DOCUMENTATION PROGRAMS ( With Income Docs )
Program B- $250,000-$1,500,000
( Full Income Docs )
- Up to 90% LTV
- 2, 3, 7 & 30 yr Fixed
- Fully amortized for 15, 20 & 30 yrs (no balloons)
- Discretionary income may be used to meet DSCR requirements
- Debt service requirement 1.20
- 640+ credit score
Program D- $500,000 - $50,000,000
( Full Income Docs )
- Multifamily up to 80% LTV
- Commercial up to 75% LTV
- 30 yr amortization
- 3, 5, 7, 10 yr. Fixed
- Lower than Bank rates
- Debt Service Coverage Ration
Multifamily 1.20/Commercial 1.25
- 640+ credit score
|
2) Hard Money Commercial Real Estae Loan
Hard Money & Bridge Loans ( In 10 Days )
- $1,000,000 to $ 50,000,000
- Nationwide--All 50 States.
- All commercial and residential types considered including.
- Bad credit OK/All situations considered including bankruptcy, foreclosure, quick close and credit re-builders/ Based on property value
- A chance to close quickly or stabilize your credit or other situation and save the day ( 10 days or less )
- Blanket residential investor properties OK!
- Max 75% or 90% CLTV ( Appartment Buildings )
- Rates as low as 8% - 14%.
- Purchase ( Need a Down Payment ), Re-finance and Cash Out.
- 5 - 10 Points ( Total including Appraisal Cost - no appraisal needed sometimes. )
- Loan Types a) 1 yr. Interest Only, No Pre Payment Penality, 10-14% Rate.
b) 5/10/30 - 5 yr Fixed, 10 yr ARM, 30 Yr Amortization, No Penality.
APPLY-ONLINE
|
