97% LTV Commercial Finance
LOWEST CLOSING FEES AS LOW AS $1,500
(Owner Occupied w/ 680+ middle credit)
This is a full documentation commercial loan that offers max financing on owner occupied/operated properties. Up to 97% LTV on owner-occupied properties. No seller financing needed for max LTV.
| 97% LTV FULL DOC Commercial loan $100,000 - $1,000,000 |
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Loan Criteria |
Program guidelines |
| Loan Size |
$100,000 to $1,000,000 USD |
| Lending area |
USA - All 50 states |
| Type |
Purchase up to 97% LTV / Refinance rate-term 80% / Cash Out 75% |
| Loan-To-Value |
97% LTV
|
| Seller financing |
Not required but welcome if seller offers better rate/term |
| Property Type |
Tier I & Tier II properties
Mixed use (50%+ residential)
Automotive, Bed & Breakfast, Light Industrial, Mixed use,
Mobile Home Park, Office, Retail, Self Storage, Warehouse
|
| Interest Rate |
7%+ |
| Term |
up to 30 years |
| Amortization |
30 years |
| Credit Score |
Minimum middle credit score 680 primary borrower
|
| Closing Time |
Quick closing - 30 to 45 days |
| Lender Fee(s) |
Up to $1,000 |
| Origination Fee(s) |
0% to 0.50% |
| Debt Coverage Ratio |
No minimum - loan approval can be based on personal/business income and not just property income. If low personal/business income then it's just going to be based on property income |
| Closing Costs |
LOWEST CLOSING FEES. Borrower responsible for out of pocket expenses (appraisal, title, closing, etc)
Closing fees as low as $1,500 to $4,000 depending on property type and size
|
| Prepayment Penalty |
yes up to 5 years |
| Registration fee |
$30 fee non-refundable due at online loan submission.
Fee is ONLY refundable if we are unable to match you with a lender/broker in our network.
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ELIGIBLE PROPERTIES
Mixed Use/Apartment Buildings – These properties integrate residential spaces with commercial uses, such as retail or office space. Often these properties have a ground floor retail store or office with apartment(s) above, all in the same building.
Self-Storage Facilities – Now one of the most competitive building classes in the country, these facilities are designed primarily for storage. This category also includes cold storage, RV and boat storage facilities, and truck terminals (transit facilities).
Retail/Office Buildings – Designed for retail or office sales and display, this category includes stand-alone buildings such as offices, supermarkets, convenience stores, drug stores, department stores, bakeries, and beauty shops – as well as strip centers, and neighborhood and community shopping centers.
Warehouses/Light Industrial Properties – Single and multi-tenant facilities that are used for warehousing, light manufacturing, distribution, research and development. Does not include buildings where heavy manufacturing or specialized industrial operations such as welding occur.
Automotive Services – Includes everything from auto repair facilities to retail auto shops and part supply stores.
Multi-Family Housing – residential structures that contain five or more dwelling units in the same building.
Ineligible properties include:
Adult entertainment
Agricultural purpose
Church/Religious
Education
Heavy industrial
Hospitals
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