Commercial Loans Refinances to 100 Million Are Now Available!!!
Even though the media and naysayers of the economic state of affairs would have you to think that there is no money out there for Commercial Loans (yes even very large ones) that is indeed not true. Bring your big deals to us for a swift, headache free relatively quick closing. Act now on your Commercial deals and continue your current portfolio growth of cash producing assets.
We have over 100 lenders that we work with including banks, Wall Street Money, Conduits, Private money, Hedge Funds and Private Equity.
We lend in all 50 states.
Multi-Family / Apartments 5 units and up. Typical bank will lend up to 70% Loan to Value. Our lenders will allow up to 85% Cumulative Loan to Value. Bank will hold first trust up to 75% and allow a seller held second to 85% LTV. This allows for you client to leverage the deal and requires less cash into the project.
Project Type: Multi Family
Property Class: Multi Family
SBA Qualified: No
LTV: To 85%
Years Amortized: To 40
Rates fixed at 3, 5, 7, 10, 15, 30, up to 40 years
Minimum Cash Infusion: Purchase 15%
Loan Amount: Minimum $250,000
Minimum Credit Score: Generally 600 Credit impaired program is available.
Seconds: Allowed.
Rates: From 5%
The above stated rate and guidelines are for informational purpose only and are subject to change based on market conditions and qualifications.
A Wholesale Lender has three areas which are usually to the Borrowers Advantage
1) The wholesaler has many buyers for their paper so the borrower actually has competition for their loan,
2) Rates to Wholesale Lenders are lower than the retail or consumer side because the loan they sell is complete with all required items and they have little expense outlay for overhead so their cost of acquisition is less,
3) A Wholesale Lender underwrites to the requirements of the particular Pool the loan is to be sold to, therefore personalities and feelings do not enter into the underwriter's equation.
Your scenario will dictate the source of commercial money used to fund the loan. We have programs for small balance, credit impaired and super jumbo.
Fannie, FHA, Freddie Mac and HUD 221 (d)(4) Apartment Loans. apartment Loan Financing Up to 40 Yr Ammo.
Main-Line Properties: Office, Office Condo, Mixed Use, Retail, Warehouse, Self Storage, Light Industrial, Strip Centers and Large Shopping Centers. Each scenario is different. Owner occupied (over 51% is owner occupied) or investor. Owner occupied, we may be able to fund up to 90% loan to cost or LTV.
Special Purpose: Hotels, Motels, Gas Stations, Convenience Stores, Restaurants, Daycare Centers, Assisted Living Facilities, Dry Cleaners, funeral Homes, etc. These loan types are considered to have more layered risk and may require more down payment. If it is owner occupied, we may go up to 90% LTV.
Contact Bill Malone at: 404-259-6200
Fax: 673-391-4876
Email: upscalerealtyinvestments@yahoo.com
Web:
www.upscalerealtyinvestments.com
Download a Commercial Loan Request Summary at our website
www.upscalerealtyinvestments.com or email us requesting one at upscalerealtyinvestments@yahoo.com.