One of our lenders just funded a franchise restaurant in Colorado, a landscape company in Texas, a cannabis company in California and a radio station in Arizona! Know anyone needing funding?
WMG Property Funding arranges the following types of commercial loans:
Permanent first mortgage loans
Bridge loans in a first mortgage position
Sorry, no construction loans.
Minimum Loan: $100,000
Maximum Loan: $millions
All standing commercial properties, including:
Mixed use buildings
Residential care homes
Day care facilities
Politically incorrect properties, such as gentlemen’s clubs, adult bookstores, and cannabis properties
But no churches.
Loan Term: Varies by project and program
Points: 2.5 - 5 points typically
Prepayment Penalty: None
Application Fees / Upfront Fees: None
Purchase money loans: 75%
Refinances: 65% to 70%
Interest Rate: 6.9% to 13.9%
Each loan is priced individually, depending on the safety and affluence of the area, the attractiveness of the property, the age of the property, the loan-to-value ratio, the size of the loan, whether the loan is a refinance or a purchase money loan, the income and wealth of the borrower, and the credit of the borrowers.
Send inquiry or summary to: email@example.com