COMMERCIAL PROPERTIES COME IN ALL SHAPES, SIZES and USES⁽⁴⁾

Wholesale Commercial Lending ⁽¹⁾

We specialize in the Small and Medium Balance Commercial Loan market. The loans we typically offer are $500,000 (lower amounts on case-by-case) to $4,500,000 on the conventional side,  and up to $5,000,00 on the hard money side ($1,000,000 min. hard money loan).

Now Offering Commercial Loan Modifications-The ALTERNATIVE TO REFINANCING IN A TIGHT CREDIT MARKET

Below is a list of the types of properties that we secure financing for as of  12/22/2009:

• Churches (Construction, Refinance, Rehab, Purchase, Expansion, FC Bailout)
• $75,000 to $30,000,000
• Up to 80% LTV, 20-25yr Amortization, up to 4.25x Gross Revenue Qualifier with a 1.25 min. DSCR
• 80% LTV Program Available for Purchase Money
• Up to 25-30-yrs Amortization (5/25 is most common financing)
• No Personal Guarantees (If church is >3yrs old)
• No Tax Returns (3-yrs trailing + YTD financials required)
• www.easychurchfinance.com (for more information)
• Mixed-use (without residential components)
• Medical/Dental Office
• Retail/Strip Centers
• Office
• Warehouse
• Self-storage
• Automotive store (Parts, tires, mufflers, etc.)
• Grocery Stores/Markets/C-stores without gas
• Car Wash (Full Service & Coin-Op)
• Light industrial
• Office/Warehouse/Industrial Condo
• Industrial
• Auto repair and lube shops 
• Funeral homes
• Bowling Alleys
• Educational/Day Care
•  Assisted living facilities
• Dry cleaners
• Mobile Home Parks
• Restaurants
• Flagged hotel, motel,
• Gas stations-FUNDS STILL AVAILABLE (Not a core product)
• Farms (Not a core product)
• Rooming houses (Not a core product)
• Multifamily (Not a core product- Limited access. Brokered)
• Car dealers (New or Used)
• Properties w/excess land
• Land (commercial use land only)
• Unflagged hotel/motel,Bed & Breakfast
• Bolded Property Types Less Difficult to Finance. Un-bolded property types financing still available-more difficult. Strike out (strike out) property types financing currently not available.

Property Occupancy 

• Owner/user
• Investor

Use of Funds 

• Purchase Money
• Refinance existing notes
• Cash-out refinance (property improvements, purchase other real estate)
• Bridge Financing (VERY Limited due to current financial crisis)

Documentation Type (Properties Must Cash Flow)

• Full Documentation--PREFERRED BANK RATE PRICING!

Maximum LTV's/CLTV's ⁽³⁾ (NEW LTV's - CLTV's as of 10/15/09)

• 90% for Owner/User up to $4,000,000 (SBA-owner/user only)
• 60% Purchase (CLTV to 90%) Owner User
• 60 % R&T (CLTV to 75%) Owner User
• 50% Cash out for Owner user or Investor R/T or Purchase
• Up to 90% CLTV's with Seller Carry 2nd, Institutional 2nd or 90% with SBA Financing
• 45-50% on all true hard money transactions (may allow seller carry to 80% CLTV) $1,000,000 min. hard money loan.

*Not all property types or transaction types will be eligible for maximum LTV's/CLTV's

NOTES ON SBA FINANCING

• 504 - New money transactions only ($300,000 to $10,000,000) for Real Estate & Equipment. 20-yr. Fixed Rate fully amortized for R/E. 10-yr terms for Equip. Business net worth not to exceed $8.5MM. 10% minimum equity injection required. 51% min. owner occupancy for existing structure. 60% min. owner occupancy for new construction.
• 7 (a) - Purchase or Refinance ($250,000 - $2,000,000) For Real Estate (Purchase/Construct/Refinance), Equipment, Provide working capital, construct lease-hold improvements, Purchase inventory.  Variable rates adjusting quarterly. Terms: 25-yrs R/E, 10-yrs equipment and business acquistion, 5-7 yrs working capital. All loans fully amortized
• 7(a) Patriot Express--up to $350,000. Streamlined process for qualified Veterans