Commercial funding available from $25,000 to $500,000. We can use almost all commercial properties for collateral, including: Multi-Family, Mixed-Use, Retail, Office, Auto Repair, Day Care, Funeral Homes, Beauty Shops, etc. The maximum LTV on income producing properties is 70% and the maximum LTV on owner-user properties is 65%. Other highlights of our program are as follows:
· 600 Minimum FICO Scores · Loans close in three to four weeks · Fix Rates begin at 10.5% NOW 9.5% FOR THE MONTH OF DECEMBER · 5 Year Balloon Program 9.5% amortized over 25 years · Adjustable Rates begin in the 9% Range · One Lender Point Charged · Declining 5%-4%-3%-2%-1% Prepay Penalty