Fast Commercial Loans for Smaller $100k to $3M Deals
The PCFC Group actively assists clients who are seeking to obtain a smaller commercial loan ($100k to $3M). Our lender responds quickly to all requests. Here are the loan features:
- approval letter within 24 hours
- up to 15 year term
- typically no prepayment penalty
- no lock-out clauses
- Permanent first mortgage loans
- Bridge loans in a first mortgage position
- No construction loans
- No land development loans
Acceptable properties include standing commercial properties:
- Multifamily
- Office
- Retail buildings
- Strip centers
- Shopping centers
- Industrial buildings
- Warehouses
- Mixed use buildings
- Self storage
- Hotels
- Motels
- Assisted living
- Residential care homes
- Day care facilities
- Gentlemen's clubs
Lending Area - Nationwide
Amortization
- If the property is less than 50 years old: 30 years
- If the property is older than 50 years: 25 to 15 years
Loan Term - 1 to 15 years, most typically 3 years to 5 years (renewable with investors for another 3 to 5 years)
Points - 2.5 points to 6 points
Application Fees / Upfront Fees - None
Loan-to-Value Ratio
- Purchase money loans: 70%
- Refinances: 65%
Interest Rate
- 8.9% to 10.9% for properties in Ca.
- 11.9% to 14.9% outside of Ca.
To submit your loan request, visit our site:
http://commercialfunding.iwillbeyourbank.com/funding/steps-to-submi...
Sincerely,
Troy Ross, CEO of the PCFC Group
Your Commercial and Residential Rehab Funding Resouce
Located in Goochland County, Virginia
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