Commercial Real Estate Loans (Appraisal Fee Waived)

Appraisal Fee paid by lender on all loan submissions for the month of May. 

LOAN CRITERIA:

  • Loan Amount: $250K-$2MM
  • Max. LTV 80% 
  • Rates: 6-9%
  • Loan Purpose: Purchase, Cash-Out, Refinance
  • Loan Term: 5-Year and 7-Year Hybrid
  • Amortization: 20, 25 or 30 years
  • Min. Mid-FICO: 650



PROPERTY TYPES:

  • Multifamily
  • Mixed-Use (Residential)
  • Mixed-Use (Commercial)
  • Mobile Home Parks
  • Office
  • Retail
  • Light Industrial
  • Self-Storage
  • Warehouse
  • Automotive



HIGHLIGHTS:

  • Borrower does not document income on tax returns (investor and owner occupied)
  • Streamline Available: No Tax Returns and No 4506-T
  • No seasoning on title and the ability to use appraised value vs cost basis
  • Only need 3-6 months of P&I in reserves
  • Available for Owner-Occupied and Investors
  • Unlimited Cash-Out
  • No Lender Points or Junk Fees


Contact me today for a quote or to discuss your scenario. No upfront fee.

--
Doug Braxton
Commercial Mortgage Broker
Braxton and Company, LLC
Phone: (800) 230-1424

www.braxtonandcompany.com

www.1-4investor.com

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