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New Funding Programs Available
Posted by: Mark Yuen on 12/31/2016 10:58:33 AM
Funding Available:
Above $1mil
Category:
Accounting & Financial Services
Location :
USA
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Description:
Private Money Program
Credit challenges, limited documentation, stabilizations, foreign nationals, partner buyouts, foreclosure bailouts, BK workouts, discounted payoffs, CMBS workouts, balloon payments, bank turndowns, REO acquisitions, quick closings
Loan Amounts:  $100,000 to $10 million
Rates:  Starting at 6.98% 
Loan Term:  6 months to 3 years
Loan to Value:  55%, and up to 65% with exceptions
Loan to Cost:  Up to 80% with holdback for improvements
Min Credit Score:  No minimum credit score
Fees:  2-4  Points
Purpose:  Business, investment, and commercial purposes only 
Property Types:  Retail, office, light industrial,  multifamily,  mixed-use,  self-storage, mobile home parks, residential portfolios, non-owner occupied residential
Location:  Most major metro areas nationwide (CA, AZ, TX, FL preferred)

Subprime Commercial Program
Property and/or borrower seasoning before conventional take out, limited renovations, min. DCR, some credit issues
Loan Amounts:  $200,000 to $10 million
Rates:  Starting at 6.50% fixed rate
Loan Term:  Up to  10 years
Loan to Value:  Up to 75% of appraised value
Min Credit Score:  650
Fees:  1-3 Points
Purpose:  Business, investment, and commercial purposes only 
Property Types:  Retail, office, light industrial,  multifamily,  mixed-use,  self-storage, mobile home parks
Location:  Select areas nationwide

Bank Rate Program 
Ideal for stabilized properties, strong cash flow, creditworthy borrowers, trophy assets, 1031 exchanges
Loan Amounts:  $500,000 to $10 million
Rates:  Starting at 4% fixed rate
Loan Term:  Up to  10 years
Loan to Value:  Up to 75% of appraised value
Min Credit Score:  700
Fees:  1-3  Points
Purpose:  Business, investment, and commercial purposes only 
Property Types:  Retail, office, light industrial,  multifamily,  mixed-use,  self-storage, mobile home parks
Location:  Select areas nationwide
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