BANK FINANCING - CONVENTIONAL FUNDING

Great Rates, Great Programs and Long Term Loans for Highly Qualified Clean, Full Doc Transactions
Office: 877.548.5660 General Fax: 631.792.1181

Bank/Conventional Financing is all about having all your T's crossed and your I's dotted. There's no room for ambiguity or out of the box components when working with a Conventional Lender. With today's new regulations being imposed upon banks, your submission package needs to be concise, detailed and complete with all your financial documents in order and able to withstand the most discerning underwriters critique and review. Once we've confirmed your request qualifies for conventional financing, we'll gather the proper documentation together and set up your Submission Package for approval. The reward for a perfect submission package is a loan approval with great rates and long term financing that's hard to beat. Take a look below at the details associated with Bank/Conventional lending.

Conventional Financing Provides Solutions For:

Payoff Ballooning Notes Purchases or Refinances New Construction or Rehab

The Need for Flexible Repayment Terms Owner Occupied and Investor Properties OK

Working or Expansion Capital for Businesses What we'll need to do is review the loan request with you thoroughly. We'll cover every aspect of your needs and make sure the loan can get done. Once we've established we have something we can work with, we'll gather the necessary documents together and set up the all important Presentation Package. This is where it all counts. The proper packaging and delivery of the Loan Presentation will directly reflect the outcome of your request.

Call me to discuss options, rates and terms for your property!

General Lending Parameters

Fully Amortizing and Interest Only Loan Options Available Loan Terms: 5, 7, 10, 15, 20, 25 & 30 year options $1,000,000 to $250,000,000+ Minimum FICO Score of 660 Minimum Debt Service Ratio (DSCR): 1.0 - 1.35 (Dependent on Investor and property type) All Commercial US Properties Considered (International strictly case by case) Loan to Cost: Commonly up to 75% (up to 90% on a case by case basis) Loan To Value: Commonly up to 75% (up to 90% on most income producing properties) Combined Loan to Value: Up to 90% (includes SBA 504,on income producing properties) Rates: 7.5% - 11% (Rates vary dependent on Collateral Type) Origination Fees: 2-5 Points (taken at closing from proceeds) Closing Timeframe: 30 - 45 Days (60 - 90 days for Construction or complex deals) Cash Requirements: Minimum of 10% of Principals Own Money Down or In Project Full Recourse Required (Non-Recourse on case by case basis, project dependent) Your Choice of Stated or Verified Income Processing (Rates & LTV varies accordingly) Clear Exit Strategy (Perm loan, unit sales, property sale, etc.) Self Employed, Small Business Owners, Developers & Comm RE Investors

Current Property Types

Office Buildings Multi-Family Units Apartment Buildings Mixed-Use Properties Stabilized Hotels/Motels Assisted Living Facilities Shopping Centers/Strip Malls Warehouses/Storage Facilities

Marinas Industrial Auto Repair Gas Stations Mechanics Shop Restaurants/Pizzeria's Owner Occupied Facilities Health Care Facilities/Hospitals Anchored Retail All Income Producing Units Ground Up Construction (limited)

Other properties not mentioned will be considered on a case by case basis

You may have noticed that some of the above parameters make mention of an SBA 504 loan. This very important and useful government program allows for 90% LTV financing for Owner Occupied properties. This 90% Loan to Value, Loan to Cost program allows owners or prospective owners of small to mid size businesses preserve capital while maximizing their cash flow. This provides buying power with better purchase options for the borrower instead of leasing or renting their establishment, which provides a loss of income, or income going into someone else's pocket. Better to pay down your own mortgage than to pay someone else's rent!! Now that you're familiar with the types of properties we finance and have a good idea of the terms and options available, give us a call so we can review your needs. We'll spend some time together reviewing the request on the phone and tell you right up front if the loan request can be fulfilled. Upon acceptance of your request and bonafide interest by a specific Investor who has expressed positive interest in making your loan, a Letter of Interest or Term Sheet will be issued and upon your acceptance, the loan process begins. We will be as flexible as possible within underwriting guidelines and the provisions set forth within the Term

Sheet or Letter of Interest, and provide the best possible solution to fulfill your needs and the needs of your project. Rest assured, we will protect the privacy of your personal and financial information, assist in expediting your commitment to close as fast as possible, and get to the closing table with no surprises.

COMMERCIAL FINANCING
National & International Institutional & Hard Money Hospitality Establishments 5+ Family Units, Mixed Use Any Income Producing Property 1-4 Family Units FHA & Gov't Loans Reverse Mortgages Jumbo & Super Jumbo Loans Conforming & Non Conforming Sm Comm LOC SB Prem LOC Bank/Conv Bridge/Hard Construction

RESIDENTIAL FINANCING

SBA 504

Jumbo Res

FHA/Gov't

Home

What We Do

Contact Us

Commitment

Resources

5 C's of U/W

Comm Submit Form

Res Submit Form

ANTHONY OSIE - 877.548.5660

Commercial Finance Consultant

Website Designed by On Point Capital Resources and Anthony Osie 2008 at Homestead Build a Website