Small Balance Commercial Loans
Creative underwriting small balance commercial loans to get deals done that Tier 1 Banks & Agency lenders typically pass on due to loan modifications, foreclosures, short sales, BKs, low fico scores, tax liens.
Benefits of Small Balance Commercial Loan
- BANKS DON’T DO CASH OUTS OR THEY HAVE STRICT LIMITS
- WE WILL CASH OUT 100% AND 80% LTV
- YOU CAN USE THE MONEY FOR OPERATING EXPENSES OR BUYING A BUSINESS
- TERMS AND USUALLY UP TO 30 YEARS AND THE LOAN IS TAX-FREE
Small Balance Terms
- PROPERTIES LOCATED IN A METROPOLITAN AREA WITH GROWING POPULATION OF AT LEAST 250K.
- LOAN AMOUNTS FROM $300K TO $100MM
- 3, 5, 7, AND 10 YEAR FIXED RATE PERIODS, 10 - 30 YEAR TERM, 25 - 30 YEAR AMORTIZATION
- CASH OUT AVAILABLE FOR REFINANCING LOANS
- FLEXIBLE CREDIT PARAMETERS
- REPOSITIONED, REHABILITATED, AND STABILIZED MULTIFAMILY DWELLINGS
- LOAN-TO-VALUE 'LTV' RATIO UP TO 65% (COMBINED LTV 'CLTV' UP TO 80%)
- NON-RESIDENT ALIEN PROGRAM UP TO 50% LTV