Investors looking for commercial properties and seeking for a fast closing along with competitive rates, are welcome to apply with us.
Basic Loan Criteria
• Fixed rates start at 8.5%.
• Maximum 60% LTV.
• No prepayment penalty.
• Interest only payments.
Balloon at maturity.
• Loan Amounts $100,000 up to
• Multifamily Apartment Buildings.
• Other property types case
• Cash out.
What is the interest rate and loan term?
Usually, loan rates are 9% and 1.75% points. Loan terms are 12-36 months
What is the loan type?
Most our loans are interest only, whichmeans a fixed interest is paid throughout the term and full balance atmaturity. For example, a $100,000 with12 months term and 9% rate will yield 12monthly payments of $750 and a finalpayment of $100,000
What happens if I sell the property orprepay the loan before maturity?In most of our loans there is noprepayment penalty.