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Loan Products
| 95% CLTV Loan Program |
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What it means ...... 80% - 1st Mortgage and 15% - 2nd Mortgage
One of our more popular loans. For loans between $100 thousand to $1 million. This program can get you into a property up to a $1.1 million price tag with only 5% down. You must have a middle FICO score of 680 and a low FICO score of 640. In addition your debt-to-income ratio can be no more than 45%.
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| Maximum Loan Amount |
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Virtually, there is no limit for loan amount but in general, loan amount can be as high as $500,000,000.00 |
| No Pre Payment Penalty Loan |
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Well I found it, the mother-lode, a commercial loan with no prepayment penalty! That's right, if you want to fix up a commercial property and sell it quickly for a profit, you don't have to wait 1, 2 or 5 years for your prepayment penalty to disappear. Call now for more details on this terrific program with low rates to boot!
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| Interest Only Loans |
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Commercial mortgage world has a variety of commercial loan programs to fit a variety of financing requirements. We are constantly striving to add the competitive products to our catalog to increase our competitive advantage.
Our interest only program is for those investors who want additional cash flow from their property. The reasons to obtain an interest only loan varies. One investor might want increased cash flow, another might like to use the extra cash fix up the property.
In pricing the loan amount and the debt-to-service-ratio, the lender will still take into consideration the principal and interest payment. However, you will only pay interest only on the loan. |
Stated Income Loan |
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This is a reduced doc's loan that requires minimum FICO score: 660. For detailed information please click here |
Market Rents Program |
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What to get a higher loan amount for your property. Then the market rents program may be for you. The property will be appraised using market, instead of actual, rents. You must have experience in property management and the property has to be in your local area.
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