These are commercial Mortgage (CMBS)
SMALL BUSINESS PROGRAM
- Full Doc and Stated Income programs
- Up to 90% LTV for owner-occupied properties, 90% CLTV's
- Loan amounts up to $5MM ($3MM Stated)
- Minimum FICO score: 600 (660 Stated)
- Property types: mixed use, retail, office, warehouse, automotive, light industrial, day care, dry cleaners, vocational schools, convenience stores (no fuel) and more. Call for others.
- Amortization periods: 30 year
- Wide variety of ARM's and Full-Term Fixed rates
- Submission Package needed for Pre-Approval:
- 1003
- Tri-Merge credit report
- rent roll
- Property Operating Statement (P&L)
PLATINUM LOAN PROGRAMS
- Rates that rival local banks on a national level
- Full Doc and Stated Income programs
- Loan amounts up to $3MM
- Income producing properties only
- Underwritten based on DSCR of property (except in owner user scenarios)
- Minimum FICO score: 600
- Property types: multifamily (5+), mixed-use, retail, office, warehouse, industrial. Call for others.
- All loans based on 30 year amortization period
- Submission Package needed for Pre-Approval:
- 1003
- Tri Merge Credit Report (no older than 30 days)
- 2-yrs Personal and Business Taxes (Full-Doc Only)
- Most Current Two Years Operating Statements for Subject Property
- Current Rent Roll for Subject Property
- Subject Property Leases
- If Applicable, Articles of Incorporation / Organization
- If Applicable, Purchase Agreement, All Amendments and Counteroffers
STANDARD STATED INCOME STATED ASSET PROGRAM (SISA)
- Pure stated programs driven off FICO scores and appraisal
- No verification of income or assets other than proof of funds to close on a purchase
- Up to 85% LTV, 90% CLTV's
- Loan amounts up to $1MM
- Minimum FICO score: 575
- Property types: multi family (5+), mixed use, retail, office, warehouse, automotive, light industrial, bed & breakfast, self storage, bar/restaurant, day care, mobile home park and more. Call for others
- Amortization periods: 15, 20, 25 and 30 year
- Wide variety of ARM's and Full-Term Fixed rates
- Submission Package needed for Pre-Approval:
- 1003
- Tri-Merge credit report
- Current Rent Roll for Subject Property
- Property Operating Statement (P&L)
STANDARD FULL DOCUMENTATION PROGRAM
- Underwritten based on cash flow from property and/or the strength of the borrower
- Up to 90% LTV, 95% CLTV's
- Loan amounts up to $1.5MM
- Minimum FICO score: 580
- Property types: multi family (5+), mixed use, retail, office, warehouse, light industrial, bed & breakfast, self storage, mobile home park and more. (Call for others)
- Amortization periods: 15, 20 and 30 year
- Adjustable arms and fixed rates
- Submission Package needed for Pre-Approval:
- 1003
- Tri Merge Credit Report (no older than 30 days)
- 2-yrs Personal and Business Taxes
- Operating Statements for Subject Property
- Current Rent Roll for Subject Property
- Subject Property Leases
- If Applicable, Articles of Incorporation / Organization
- If Applicable, Purchase Agreement, All Amendments and Counteroffers
|