Professional Affiliations
****UNDERWRITING UPDATE****
MAY 2023 - Small Balance Commercial - Lending Parameters
We continue to provide aggressive financing for investment/commercial real estate including 1-4 unit purchases, Commercial Investor and owner/user transactions!
We are financing deals that make sense. Tell us the "story" and if it makes sense we will approve.
Capital Deployment:
· Purchase, Refinance & Cash Outs on stated program
· Commercial Real Estate - Loans $100,000 - $3,000,000 *Nationwide higher or lower case-by-case
· Private Money Permanent Loans or Bridge Option with flexible early prepayment
· Stated Underwriting, Approvals based on property cash flow, LTV and sponsor credit.
· up to 30 Year Fixed Rate and Term, 30 Year Amortization on all mortgages
· Deal must make sense and be able to support mortgage. Maturing bank loans or turn downs welcome.
· LTV’s not to exceed 75% typical (1-4 unit's 80%) for Commercial) credit score minimums/DSC may 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 --OK FOR RED STAR IN 2023 POST-COVID!!!!
· Apartment Buildings and Mixed-Use Commercial/Residential
· Mobile Home Parks (preferably no park owned homes)
· Medical Office & Condo's
· Food Wholesale / Distributors / Light Industrial
· Laundromat, Pharmacies, Veterinary Clinics, Pet Food Stores
· Warehousing / Cold Storage / Self Storage Facilities
· Bars and Taverns, Night Clubs - YES!
· Restaurants & Daycare Centers - YES!
· Sports and Entertainment or Wedding Venues are all OK at lower leverages
· Hotel / Motel / Bed & Breakfast / SRO's - YES!
This email is for discussion purposes only and intended for mortgage professionals. *Subject to change.
