COMMERCIAL
Commercial property Purchase or Re-Finance
Some popular mortgage options for our Commercial Borrowers
SBA
Eligibility: At least 51% use of the property must be owner-occupied.
Doc-Type: Full-DOC
SBA 7A (Business + Property purchase or refi.)
SBA 504 (For Property purchase or refi.)
SBA Express ($25,000 max express SBA loan)
Commercial Long Term
Eligibility: Owner-Occupied & non-owner-Occupied both eligible.
Doc-Type: Full-DOC, Limited-DOC or No-DOC
30-Year fixed fully amortized
2 to 5-year interest only
2 to 5-year interest only followed by 28 to 25 year fully amortized
LTV and/or Balloon may vary based on property location, condition, tenancy, market trend and few other factors
Appraisal / BPO and Environmental Phase-1 is to be ordered prior to underwriting
Fix and Flip Renovation
Eligibility: non-owner-Occupied only
Doc-Type: No-DOC LTV/LTC based
12, 18 or 24 month interest only monthly payment
No-Prepayment penalty on remaining months
Construction Financing
Eligibility: For experienced GC / Builder
Doc-Type: Limited-DOC. LTC-Based.
Builders line of credit on the approved amount.
Draw-Replenish-Draw option.
Interest-Only Monthly payment
No-Prepayment penalty on remaining months
DOC type varies based on project and builders profile.
Syndication Financing
Eligibility: Syndication or Reg-D/A
Doc-Type: Based on UW findings on the property
Senior debt for Syndication or Reg-A/D offering
Principal/s to have prior experience
Full corporate/SEC filling to determine eligibility
Appraisal / BPO and Environmental Phase-1 is to be ordered prior to underwriting
Mezzanine Debt / Equity
Eligibility: Owner-Occupied & non-owner-Occupied both eligible.
Doc-Type: Based on UW findings on the property
Senior debt to be from institutional lenders only
Full corporate/SEC filling to determine eligibility
24, 36 or 48 months term