Primarily used to fund the purchase of non-owner occupied (NOO) residential and small commercial properties. Highly focused on the underlying asset and the loan to value ratio, rather than the personal credit of the borrower.
Provide financing for various scenarios to small business owners, real estate investors, developers and contractors with sound exit strategies.
Can also provide renovation, rehab and construction funds.
Close in as few as 10 days because the underwriting and documentation processes are more streamlined than conventional lenders.
Loans from $50K to $2M
Term 12 months
Rate 12% no prepayment penalties
Collateral non owner occupied or mixed commercial
Up t 80% of as is value or purchase price (which ever is lower)
Close in as little as 10 business days
Coverage is nationwide (except CA, NV, SD, MN and AZ)
We have over 30 programs to meet your commercial financing needs in other lending categories.
Contact: Steve Cassia 800-877-9996 scassia@imperiumlenders.com