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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).
Commercial Loan Workouts-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 6/22/2010:
Churches
- $75,000 to $30,000,000
- Up to 80% LTV, 20-25yr Amortization, 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)
- 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
Property Occupancy
- Owner/user
- Investor (Tighter UW requirements)
Use of Funds
- Purchase Money
- Refinance existing notes
- Cash-out refinance (property improvements, purchase other real estate)
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)
- 65% Purchase - Multi use [55% Special Use] (CLTV to 90%) Owner User
- 65 % R&T (CLTV to 75%) Owner User
- 55% Investor (up to 80% CLTV)
- 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.
Brokers: YSP Is BACK!
Become an approved broker, request a broker package: Broker Package Request (<--Click Here)
New Products/Programs!
- Accounts Receivable Financing (Factoring)
- Merchant Card Advances (visa/mastercard)
- Purchase Order Financing
- Medical Accounts Receivable Financing (Practice to Insurance Provider Only)
- Inventory Financing
- Structured Settlement Buy-outs
- Note Purchasing (Mortgages-Commercial or Residential)
- Business Note Purchasing
For more info, call 714-731-5282
Our commercial mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in buying a new business property, refinancing a mortgage, or cashing out your business property equity. So we make a commitment to you. We will help you qualify, apply and be approved for the right commercial mortgage loan for you. Not anyone else!
Please navigate our website to learn more about us, what we do for you, and how easy it is to get started.
Your Commercial Lending Pros:
Bill Cochran loan_man@att.net
Gregg Cochran cfrgroup@att.net
(1) Not all markets or states served. (2) Stated and lite doc programs have been severely limited due to credit crunch. (3) Not all properties or transaction types will be eligible for maximum LTV/CLTV's shown. Call for details. (4) Class I: Multifamily & Mixed-use. Class II: Office, Retail, Warehouse, Self-storage, MHP's, Auto Service (no dealerships). Class III: Special use/purpose; Hotel/Motel, Lt. Industrial, Restaurants, Daycare Centers.
Monday, June 21, 2010 1:06:33 PM
Merchants--Need Cash Fast? Do you take Visa or Mastercard? Merchant Card advances: $5000 to $300,000 off existing and future POS! This is not debt financing against your credit. This does not get reported on your personal credit report.
No Upfront Costs. No Closing Costs. Approvals in as little as 24-hours.
Use the funds for any business purpose:
Need $10,000 to $50,000 Fast? Approvals as quick as 24 hours! All credit types Accepted!
We're Listed On The Santa Ana Business List
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