Commercial Mortgage Facilities in Florida

Commercial Mortgage Lending Made Simple

Commercial Real Estate Loans Up to $500,000

Commercial Loans $500,000 to $5,000,000 Click Here

Key Features

Purchase, Equity Release and Lines of Credit up to $500,000
Low Closing costs, just 1% of credit amount plus title costs
Secured by commercial, residential or investment real estate
All legal entities; individuals, LLC's and corporations
Wide variety of eligible property types (see below)
Owner-occupied or investor properties
Property vlaue up to $2 million
1st or 2nd lien position
Term loans with fixed or adjustable rates, commercial equity line of credit (CELOC) and line/loan combo

Customer Benefits

Program tailored for self-employed, small business and commercial real estate investors
Stated-income, streamlined application process
No up-front fees - No appraisal
Express decision - credit approval within three business days
Term loans with fixed or adjustable rates
-Fixed; fully amortized 5, 7, 10, 15 and 25 due in 10
-ARM's; fully amortized (adjusts annually)
Commercial Equity Line of Credit
Line/Loan Combinations
Simple, inexpensive process - decision in 3 business days

Property Eligibility

Office
Industrial
Warehouse
Retail
Mixed-use
Office Condo
Special Purpose
Multi-family residential (5+ units)
Residential (1-4 units)*
Assisted Living Facilities
Some environmentally sensitive properties

Non-eligible property types include:

Non-profit Orginizations
Agricultural/Forestry/Orchards/Farms
Dry Cleaning Plants
Heavy Industrial
Time Share Properties
Vacant/Undeveloped Land
Mobile Home/RV Parks
Autp Wrecking/Auto Salvage Yards
Gas Stations > 10 years old
Hospitality (hotels, motels, B&B, condotels

Most Common Eligible Special Purpose Properties
(Max 60% LTV)

Auto repair
Gas Stations <10 years old
Minimart
Self-storage
Fast Food Restaurant
Daycare or Preschool
Convalescent Home
Nursery (Horticulture)
Health Club or Gym
Theatre

Environmental Properties

The current and past use of a property may influence its acceptability for a loan. An environmental loan insurance policy may be required before a loan can be accepted. Policy costs range from $400-$1,200. these are one-time costs based on the relative risk as well as the length of the loan and amount.

LTV/CLTV Matrix Risk based underwriting - Approved LTV dependent on applicant's credit and property type.
Property Type/Ownership	Minimum Fico Score	Max LTV < = $250k	Max LTV $250k-$500k
Owner Occupied	680	Lines & Loans up to 80%	Loans up to 75% Lines up to 70%
Investor (<51% owner occupied)	680	Lines & Loans up to 75%	Loans up to 75% Lines up to 70%
Apartment Buildings	680	Lines & Loans up to 75%	Loans up to 75% Lines up to 70%
Special Purpose Properties	680	Up to 60%	Up to 60%
Mixed Use	680	Same as owner-occupied or investor	Same as owner-occupied or investor
Residential (1-4 units) - not available for purchase loans	680	Same as owner-occupied or investor	Same as owner-occupied or investor
- In some instances, financial information may be required to approve the loan or line of credit. - If the state or other taxing authority imposes a tax or fee on the filing of a mortgage or deed of trust, the tax or fee in the borrowers responsibility. - Fixed and adjustable loans ae fully amortized. ARMS adjust annually. Adjustable rates based on one-year Tresury.

Full Service Commercial Lending

Loan Amounts:

$500,000 to $5,000,000

Rates:

Highly competitive with a wide array of rate plans, including:

Loan Terms:

3, 5 and 7 year fixed terms followed by Floating Rate periods up to 30 years

15 year fixed with 15 year amortization

Loan Value:

Up to 80% on purchase, rate and term refinance and cash out refinance

Clear Loan to Value:

Up to 85% with our Mezz. Loan

OWNER USER : FULL DOC	OWNER USER : STATED INCOME
Loans up to $5 million	Loans up to $2 million
Up to 90% financing	700 minimum average FICO for 90% financing
30 year fully amortized (no balloon)	30 year fully amortized (no balloon)
Low owner occupancy requirements	Only 25% occupancy required
Flexible prepayment	No tax returns, financial statements or tax verifications neccessary
Rate locks available	Felxible payment
Fixed, Floating and Hybrid Rates available	Fixed, Floating and Hybrid Rates available

INVESTOR : FULL DOC	INVESTOR : LOW DOC
Loans up to $3 million	Loans up to $2 million
Up to 80% LTV on purchases	Up to 80% LTV on purchases
Cash-out refinances up to 65% LTV	Cash-out refinance up to 65% LTV
30 year fully amortized (no balloon)	30 year fully amortized (no balloon)
Rate locks available	Rate locks available
Fixed, Floating and Hybrid Rates available	No tax returns, financials or tax verifications neccessary
	Fixed, Floating and Hybrid Rates available

Hotel / Motel Program
Loans from $650,000 to $5,000,000	Up to 70% LTV on purchases & Refinances
Cash-out refinances up to 65% LTV	Combined with 2nds up to 85% CLTV
30-year fully amortized (no balloon)	Rate-locks available
Fixed, Floating and Hybrid Rates available
Our experts are ready at a moment's notice to provide you with the expertise and edge in all aspects of commercial real estate financing.

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