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Commercial Lending Guidelines
Purchase or Refinance
Loan Size:
$100K to $50 Million
Property Types:
All Commercial Properties Considered
Rates:
10% to 14% Interest Only
Security:
1st Mortgages from $100K to $50 Million
2nd Mortgages from $100K to $1 Million
LTV: Up
to 80% LTV
Costs: 3
to 5 points
Closing Time:
5 to 10 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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