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Work At Home Free Classifieds => Post Your Products & Services Here => Topic started by: wallmann on February 05, 2011, 06:00:43 AM
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Simplified Commercial Mortgage Loans - Our loans are assumable
No up front application or due diligence fees, you only pay for third party reports.
We Allow Junior Financing.
Minimum is $125,000 ~ Maximum is $1,500,000 (higher amounts upon request)
As low as 9.9%-13.9% for the first 5 years. Adjustable semi-annually for 10 years thereafter.
Index- Five year constant Maturity Treasuries (1.47% as of 9/20/10)
Higher start rate for older, less attractive properties.
2.5 to 3.5 points + $950 (maybe 1.5 points for a gorgeous property less than 10 years old)
15/15 or 30/15
NO PREPAYMENT PENALTY
Loan-To-Value Ratio
Yes, We Allow Junior Financing:
65% maximum LTV on rental-type commercial properties:
Apartment Buildings (5+units) We do not finance 1-4 family dwellings BUT will soon!
Office Buildings
Retail Buildings
Strip Centers and Shopping Centers
Industrial Buildings and Warehouses
Mobile Home Parks and Trailer Parks
Mini-Warehouse (Self Storage)
Mixed Use Properties
55% maximum LTV on business-type properties:
Hotels and Motels
Restaurants and Bars (unless the building is basically just a box-then maybe 65% LTV)
Residential Care Homes, Nursing Homes, and Convalescent Hospitals
Auto Repair Buildings
Gas Stations, Churches, Nudie Bars, Etc.
Do you need a fast approval from a lender with some common sense? We are a private money lender, so we don't need a whole lot of paperwork. If your package includes color photos, we can often approve your loan within 24-48 hours!
kimlar92@gmail.com
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The best way to get commercial loans for starting up your business or to fund up your existing business is to search online for factoring companies who can provide loans for your business.