CommercialLeads.net - Commercial Loan Modification Details The CommercialLeads.net Modification Program is the only complete turn-key solution for industry professionals who seek to enter the distressed asset servicing space. Through this program you can. The Commercial Loan Program provides a maximum amount of financial assistance to not exceed $50,000, but a waiver of this limit can be made if the economic impact of the project is certain and significant. For each $20,000 of City assistance at least one (1. You simply input your commercial loan request. The C-Loans System will then screen out all of the unsuitable commercial lenders and provide you with a list of 30. The Berwyn Development Corporation (BDC) Commercial Loan Program is part of a concentrated effort to benefit the community of Berwyn by stimulating business growth and improving the city's commercial areas. The BDC coordinates the program in conjunction. Nationwide Commercial Loan Program. Atlantic Financial Services LLC. Atlantic Financial Services LLC are exclusively focused on the acquisition of discounted debt on well positioned properties and have invested over $5. Capitalizing on the state of the current CRE markets, purchasing discount debt is the simplest and efficient way to expand your portfolio. We welcome you to leverage our partnerships and expertise to assist you in achieving your goals. Feature. Commercial Property Program. Loan amount$5. 00. Million. Minimum Fico. Minimum DSCR1. 3. Maximum LTV9. 0% for multi use properties (office, retail, condo, warehouse, medical office, mixed use, light industrial). First Mortgage. First mortgage 5. Second mortgage up to 4. Commercial Loan Program Chi Ishobak prides itself in nurturing Tribal entrepreneurs with access to capital for small-business start-up or expansion. Loans may range from $1,000 to over $35,000. Funds may be used for equipment, inventory, supplies, and/or.First mortgage amortized up to 2. Second mortgage up to 2. Second mortgage rates is fixed for 2. Must be owner occupied 5. Loan Purpose. Purchase only. Underwriting philosophy. Global Cash Flow Underwriting. Closing time. 60 days if complete package. Loan programs available. Adjustable (prime plus 2. Year Fixed: Rate starts at 5. Year Fixed: Rate starts at 6. The second mortgage will carry an interest rate of approx. Seller Financing allowed by, borrower must have Minimum Equity of 1. Feature. Bridge Lending Program. Loan amount. From $2. K to $2. 0 Million. LTVUp to 6. 5% max. CLTVMay be allowed on a case by case basis up to 7. Loan term. Up to 3. Minimum Fico required. None. Prepayment penalty. None. Exit fee. None. Interest rate. Starting at 1. Lending. Nationwide lending. NO rural areas (minimum population required 1. K)Acceptable property types. Office, medical/dental, office condo, warehouse, multifamily, mixed use, retail, strip centers, assisted living facility, day care, flagged and non- flagged hotel/motel, other property types considered on a case by case basis. Interest only payment. Available. Closing time. Can close as fast as 3. Feature. Stated Incone Non- Owner 1- 4 Family resident, Commercial Loan Program. Loan amount$1. 00. MM1- 4 Family Non owner occupied , Multi- family & office, commercial retail(up to 2. Eligible location$1. K to 5 Million. Nationwide. Eligible location$1. K to 5 Million. Major markets. Loan purpose. Purchase, rate/term refinance & cash out. Minimum Fico. 65. Amortization. 25 to 3. LTVUp to 6. 5 - 7. LTVLoan terms. 30 year fixed and Balloon loan terms of 5, 7, 1. Lifetime cap. 6. 9. Lifetime floor rate. Minimum DSCR1. 2. DSCRNOI calculation. Deduct market vacany; % management; repairs estimated at $6. Subordinate financing. Not allowed during the first 1. KStabilizationmust be at 6. Assumability: Loans are assumable at Lender consent and a 1% fee. Third party fees$4,5. Tax & insurance escrows. Not required for qualifying borrowers. Seasoningn/a. Liquidity. P& I, plus down payment, closing costs and 1: 1 coverage ratio of revolving debt. Borrower net worth. Must exceed loan amount. Non recourse. Lending in some large markets. Recourse in certain markets, subject to the Lender's discretion Current Rate Sheet Click Here. Cash out is only accepted under this program if proceeds are for property improvement, payment of business debt and inventory. Loan amortization. Property types. Car washes, auto repair/transmission/body shop, bowling alleys, medical/dental & veterinarian offices, liquor stores, convenience stores, supermarkets, child daycares, adult daycares, assisted living facilities, restaurants, retail/office condo/mixed use/industrial, self- storage facilities. Max LTV9. 0%Interest rate. Starts at prime + 2. Prepayment penalty. Underwriting philosophy. Global cash flow underwriting Feature. Full Doc Commercial Program. Loan amountfrom $2. K to $1. 00 Million. Interest rate. Starting at 5. ARMLoan term. 12 months libor, 3, 5, 7 & 1. All loans amortized over 3. Prepayment penalty. LTVUp to 8. 0% for purchases. LTV can be increased to 8. Minimum credit score. Minim DSCR1. 2. 5. This may be increased based on risk of transaction. Refinance. Cash out refinance request are typically limited to 5. Upon conclusion of fixed rate terms loans will roll to 6 month ARM with interst rate adjustment capped at 1. Stable current and historic cash is generally required Borrower must be solid: Market experience, liquidity, net worth, personal credit. Full recourse for at least one key principal required All programs are subject to pricing adjustment based upon loan size, property condition, age, maintenance and credit indicators Rates are only for A& B Grade properties Loans under $5. DISCLAIMER: Atlantic Financial Services LLC. Furthermore are not a licensed Realtor or mortgage broker in any state. This electronic web page and or attached documents have not been verified or authenticated & are not to be considered a solicitation for any purpose in any form or content, nor an offer to sell and/or buy securities and or properties. Merely describing the details of an existing private placement program does not constitute an offer or solicitation of any kind and, if presented, is done soley for information. Upon reading of these documents, you as the recipient, acknowledge this disclaimer and warnings herein. By reading beyond this point, you agree, acknowledge and accept that this is a privileged, proprietary and confidential communication and you agree to keep it private.
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