Professional Affiliations
****UNDERWRITING UPDATE****
JANUARY 2022 - Enhanced Lending Parameters and higher LTV's
We have updated our underwriting guidelines back to Pre-Covid Levels - 85% LTV on purchases!
We are financing deals that make sense. Call or Email with any scenarios.
Capital Deployment:
· Purchase, Refinance & Unlimited Cash Out on stated program
· Commercial Real Estate - Loans $250,000 - $5,000,000 *Nationwide
· Private Money Permanent Loans or Bridge Option
· Stated Underwriting, Approvals based on property cash flow, LTV and sponsor credit.
· 30 Year Fixed Rate Term, 30 Year Amortization
· Deal must make sense and be able to support mortgage. Maturing bank loans or turn downs welcome.
· LTV’s not to exceed 85% (for 1-4 unit's, 80% for Commercial) credit score minimums apply.
Property Types for Funding: - All General Purpose, Income Producing Property
· Grocery / Convenience, Liquor Stores - Most Small Commercial Properties OK
· Retail / Strip Malls - Occupancy Levels above 75% needed
· Office Buildings with stabilized occupancy
· Apartment Buildings and Mixed-Use Commercial/Residential
· Mobile Home Parks (no park owned homes)
· Medical Office
· Food Wholesale / Distributors
· Laundromat, Pharmacies, Veterinary Clinics, Pet Stores / Animal Feed Stores
· Warehousing / Cold Storage / Self Storage Facilities
· Bars and Taverns, Night Clubs - YES
· Restaurants & Daycare - YES
· Sports and Entertainment Venues (case by case)
· Hotels / Motels - YES
This email is for discussion purposes only and intended for mortgage professionals.
