NEW AS OF JAN 2016
NATIONWIDE - LONG TERM (20-30 YEARS)
WE HAVE 10+ YEARS EXPERIENCE PLACING LONG TERM AND BRIDGE MONEY FOR THE GROWING SMALL BALANCE COMMERCIAL LOANS.
***WE WORK WITH BORROWERS AND BROKERS (PROTECTED)
Designed for loans under 7 million (staring at 200K)
These are long term bank solutions.
Markets are anywhere in US with population over 50,000
Owner User and invesmtent Property.
Max LTV is usually 65 - 70%
We have rates under 4% for solid sponsor and property
we have some "stated" income - meaning loans are based on property and not borrower :
Loan and Transaction Types :
Acquisition and Refinance
Apartment buildings, office ,retail, warehouse ,more...
Refinance owner carried notes
Refinance, WITH cash out
Our basic Process:
Through the years we have developed relationships with various investors that range from institutional lenders to private lenders that have allowed us to fund projects that traditional institutions could or would not consider. Commercial real estate transactions have different needs, but , time and money are a large consideration.
Purchase portfolios, unfinished projects, distressed assets and more with private and institutional bridge money..
Land financing with private funds. Small loans in Texas and 500k greater in top 25 type markets.
Small Commercial Bank Loans
I. APPLYING FOR THE HARD MONEY LOAN : the process
*******PLEASE UPLOAD ALL PDF FILES ON (WWW.UPLOADMYLOAN.COM) CLICK - This is a page within this website
1. loan application -(use std. 1003 or personal financial statement with detailed REO Schedule)
3. purchase contract (executed) if purchase (if refinance, must know history -original purchase price and date)
Underwriter will review property and borrower and issue approval. (SEE MORE...CLICK)
II. SUPPORTING DOCS:
you have an executive summary clearly stating a loan request, use of funds and exit strategy.