Commercial Lending Guidelines
Straight Purchases, Purchasing REO's, Non-Performing
Notes, and Distressed Assets or Refinancing
Loan Size:
$2 Million to $75 Million
Property Types:
All Commercial Properties Considered
Rates:
10% to 14% Interest Only
Term: 1
to 3 Years
Security:
1st Mortgages from $2 Million to $75 Million
LTV: Up
to 75% LTV
Costs: 2
to 3 points
Closing Time:
10 to 15 Business Days
Underwriting:
Very Creative
Documentation:
Appraisal if available, Color photos if not
Loan Application – 1003
Credit Report
Preliminary Title Report
Purchase Contract, if a Purchase
Rent
Rolls and/or Leases and/or P & L
Broker Fee Agreement,
if a Broker
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