BRIC LLC “NO DOC/NO INCOME” COMMERCIAL/RESIDENTIAL FINANCING
We provide small-balance commercial loans from $200,000 up to $5 million. This is a great opportunity for additional revenue. Please call me directly for questions or to review loan scenarios.
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We provide a wide choice of loan products to our customers. Financing is available on investment and owner-occupied properties for:
* Multifamily (5+ Units)
* Mixed-Use Commercial & Residential
* Retail & Strip Center
* Office Building (single & multi-tenant)
* Small Warehouse & Light Industrial
* Mobile Home Park
* Self Storage
* Loan sizes from $200,000 to $5,000,000
* 6 month LIBOR
* 5, 7 and 10 year fixed/adjustable hybrid
* 10, 15 and 30 year fully amortized - no balloon
* 15 year fixed balloon
* Tiered risk-based pricing
* Minimum 1.25 DSCR
* Minimum 620 credit score (Flexible)
Looking for Funding for SIngle/Multi-Family home in East TN in the 50k-75K price range with 10k-15k of rehab and a Net Profit of 20K-30K. ***
**Also, looking for commercial loan for 2 Duplex unit that are filled. 6 units that make $450 each for $2700 a month income or $32,400 annually. Approximate expenses are 1100 a month or $13,300 yearly. There is currently a commercial loan in place for 4% that I may try to assume but need 15% down on both properties or around $27,000 down.
***Let me know what you are willing to do? email@example.com