Nationwide Commercial Mortgage Lender- Brokers Protected

Headquartered in Braintree, MA, Equity One SBC is one of the only direct lenders in the country currently able to offer Stated Documentation, LTV up to 75%  and we are actively funding deals. 

Below is a summary of our 3 in-house commercial programs, stated, full doc and bridge, along with product & property types,  for more information visit our website at  www.equityonesbc.com

We fund in the US only

 

Product Type

Purchase, Refinance and Refinance with Cash Out

 

Stated Doc

- $50K to $3 Million (soon to increase to $ 5 Mil)

- Fixed 2, 3, 5, 7 & 10 year terms 

- 25 year amortization

- 650 min FICO score (as low as 600 on deals under $500K)

- LTV up to 75%

- Funding 1 to 4 unit properties as well, must be non-owner occ, owned by a Corp/LLC, under $500K and up to 65% LTV

 

Full Doc

- $500K to 10 Million

- fixed 3, 5, 7 & 10 year terms 

- 30 yr amortization on multi-family, 25 yr on commercial

- 680 min FICO score

- LTV on multi-family 80%, commercial 75%

 

Bridge

- up to 65%LTV

- case by case basis

-quick closings

 

Property Types - Income Producing Commercial Properties, Owner or Non-owner Occupied

Multifamily - Apartment Buildings

Office Buildings

Mixed Use

Retail

Strip Centers

Mobile Home Parks & Self Storage 

Garage & Auto Repair (No Gas Stations)

Light Industrial/Warehouse

Hotel/ Motel 

Churches (up to $500K)

Student Housing

 

Since it's all in-house we have a lot of flexibility on deals we want to fund, if you have a deal outside of the above parameters but still think it's solid run it by me, all deals are on a case-by-case basis. All brokers protected for up to 2 pts on the sheet.  No gas stations, day care, restaurants or construction at this time. 

Let me know if you have any questions, I'm always available by phone or email.

Thank you,
 
 
Mike 
 
 

Michael J. Mathisen 
Senior Account Manager 
222 Forbes Road Ste 220 
Braintree, MA 02184 

(781) 424-4548 direct 
(781) 754-7130 fax 

mathisen@equityonesbc.com 
www.equityonesbc.com 

Views: 147

Reply to This

© 2024   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service