Gregory L. Chavis-Davis, Sr. MBA's Posts - Real Estate Finance2024-03-19T06:55:16ZGregory L. Chavis-Davis, Sr. MBAhttps://realestatefinance.ning.com/profile/GregoryLChavisDavisSrMBAhttps://storage.ning.com/topology/rest/1.0/file/get/69857107?profile=RESIZE_48X48&width=48&height=48&crop=1%3A1https://realestatefinance.ning.com/profiles/blog/feed?user=2g5ehk8owdtpe&xn_auth=noJust CLOSED! $300K Mixed Use in Chicago!tag:realestatefinance.ning.com,2013-11-01:6517464:BlogPost:1290442013-11-01T16:20:44.000ZGregory L. Chavis-Davis, Sr. MBAhttps://realestatefinance.ning.com/profile/GregoryLChavisDavisSrMBA
<p>Small Commercial mortgages from <b>$25,000 to $500,000</b>. 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: </p>
<ul>
<li>600 Minimum FICO Scores</li>
<li><strong>Loans close in three to four…</strong></li>
</ul>
<p>Small Commercial mortgages from <b>$25,000 to $500,000</b>. 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: </p>
<ul>
<li>600 Minimum FICO Scores</li>
<li><strong>Loans close in three to four weeks</strong></li>
<li>Fix Rates begin at 10.5%</li>
<li>5 Year Balloon Program 9.5% amortized over 25 years</li>
<li>Adjustable Rates begin in the 9% Range</li>
<li>Declining Prepay Penalty 5%-4%-3%-2%-1% </li>
<li>We handle all the processing for you. The process is simple.</li>
<li>Within 24 hours we will quote a pre-qualification offer </li>
<li>We order the appraisal client pays Appraiser, we order the title, we clear title issues, and we schedule closing.</li>
<li>Tri-Merged credit report <a href="http://www.creditkarma.com">www.creditkarma.com</a> get a free credit report</li>
<li>Either a 1003 or Bank Application or Personal Financial Statement – SCC Executive Summary </li>
<li>Digital pictures of the property (if available)</li>
<li>Rent Roll (if applicable)</li>
<li>Operating Statement on the subject property</li>
<li><span style="color: #ff6600;"><strong>No RED TAPE!</strong></span></li>
<li>If you have a file you cant quite get financing for, give me a call 636-579-0582 or</li>
<li>email me greg@seniorcommercialcapital.com </li>
</ul>