Dean Hitchings
  • Grand Rapids, MN
  • United States
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Company name and description
Ascendant Financial Group
Commerical Mortgage Broker with over 34 years experience.
Offering a wide range of financial products from our network of institutional and private lending sources.

Dean Hitchings's Blog

Funding for Multi Unit Properties, Assisted Living Facilities, and Nursing Homes

Posted on January 31, 2014 at 10:31am 0 Comments

Ascendant Financial Group is pleased to offer a very attractive funding program for the purchase, refinance, construction, and substantial rehabilitation of Multi Unit Properties, Asisted Living Facilities, and Nursing Homes.

Here are the details of the program:

*Non-recourse funding

*Loan amounts $2 Million minimum with no limit

*35 year fixed rate - No adjustments or balloon payments

*Interest rate - 5.25%

*Loan to value - 83%

*Minimum DSCR…

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RESIDENTIAL PORTFOLIO BLANKET LOANS

Posted on January 18, 2014 at 12:17pm 0 Comments

Ascendant Financial Group offers a blanket funding for the purchase and refinance of residential real estate portfolios.

*5+ properties minimum

*Loan Amounts - $1,000,000 - $100,000,000

*Loan to Value - 70% - 75%

*Loan Terms - Rates 6.5% - 7%; 5 & 10 year fixed rates' Amortization 25-30 years

*Debt Service Required - 1.20%

*Asset Types - Portfolios of 1- 4 family rental properties and condos

*Security Type - Cross collateralized and cross…

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100% Funding for Commercial Real Estate and Projects

Posted on November 19, 2013 at 9:25am 1 Comment

100% funding available for Project Funding, Commercial Real Estate Acquisition and Refinance.

Loan Amounts $6 million to $50 million

All types of projects and real estate will be considered

Funder generates a line of credit for the amount requested. Part of LOC funds are put into a trade program to generate the funds to repay the line of credit within one year. The funding is non-recourse and the client has no payments and no payback on the LOC.

Deposit required…

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STATED INCOME SMALL BALANCE COMMERCIAL REAL ESTATE

Posted on September 14, 2013 at 2:21pm 0 Comments

*Stated Income - No Personal Tax Returns Required

*Loan Amounts - $50,000 - $500,000

*Credit Scores as low as 600

*Loan to Value - 70%

*Purchase or Refinance

*1.25% DSCR

*Fast Approvals and Closing in 30 days or less

Available for:

*Multi Family

*MixedUse

*Retail

*Office and Much More

Contact me if you would like to purchase or refinance a commercial property and have been unable to qualify…

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