This program provides mortgage financing to owners of commercial and multifamily real estate in the $1 to $50 million range. Financing is only for properties in major markets in the United States.
- Loan Amounts: $1,000,000 – $50,000,000
- Interest Rates: Starting at 5.75% for Multifamily and 6.75% for other assets
- Loan Fee: Starting at 2% to 4%
- LTV: Up to 75%
- Term: 12 to 36 months, with extensions
- Amortization: Interest only
- Recourse: Full, limited and non-recourse considered
- Lending Area: Nationally but only in major markets
- Property Types: Multifamily, condo, mixed-use, retail, office, industrial/warehouse
- Closing Time Frames: 2 to 5 Weeks
- Transaction Types: Purchases, distressed/discounted payoffs, cash-out refinances, rehab, construction completion, and other situations that are time sensitive or otherwise unbankable
If you have a realistic purchase or refinance in a major U.S. market, please send me a SHORT email to summarize your transaction. Just a few lines about what you are trying to accomplish with this loan, as well as basic Borrower and Property qualifications:
commercialloanpros@gmx.com
If things look good, I will email or call so that we can discuss moving for with your transaction.
*An appraisal or executive summary is not needed and will not be opened. All I need is a brief deal summary with Borrower and property qualifications. When I need additional documentation, I will let you know.
Thank you!
Monty Yeager
Commercial Loan Pros
commercialloanpros@gmx.com