Small Commercial mortgages from $25,000 to $500,000. 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:
- 600 Minimum FICO Scores
- Loans close in three to four weeks
- Fix Rates begin at 10.5%
- 5 Year Balloon Program 9.5% amortized over 25 years
- Adjustable Rates begin in the 9% Range
- Declining Prepay Penalty 5%-4%-3%-2%-1%
- We handle all the processing for you. The process is simple.
- Within 24 hours we will quote a pre-qualification offer
- We order the appraisal client pays Appraiser, we order the title, we clear title issues, and we schedule closing.
- Tri-Merged credit report www.creditkarma.com get a free credit report
- Either a 1003 or Bank Application or Personal Financial Statement – SCC Executive Summary
- Digital pictures of the property (if available)
- Rent Roll (if applicable)
- Operating Statement on the subject property
- No RED TAPE!
- If you have a file you cant quite get financing for, give me a call 636-579-0582 or
- email me greg@seniorcommercialcapital.com
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