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Conventional Loans
This program is designed for the borrower seeking the best rates and terms available by
streamlining the paperwork requirements and making multiple options available to the
business or property owner.
Program Attributes
• Approvals within 5-7 business days and closings in 60 business days
• Lower Pricing and origination costs than Stated Income or SBA loan programs
• Affiliate company guarantees not always required
• Ability to negotiate terms and conditions with multiple lenders
• Seller financing can be part of the down payment for purchase
• Loans up to $5 million • Purchases to 80% Loan to Value
• 30-year fully amortized (no balloon) • Refinance to 80% Loan to Value
• 5/10/15/30 Year Fixed Rates available • Cash out to 70% Loan to Value
• 1st Mortgage loan amount $5,000,000 • Combined Loan to Value to 85%
• Minimum Average FICO 700 • Purchase Money or Mortgage Refinancing
Eligible commercial property types
• Retail Stores • Medical Facilities
• Shopping Centers/ Strip Malls • Office Buildings
• 5+ Family Residential • Mixed-Use
Program Parameters
> For Owner User properties, most recent 3 years Federal tax returns on Business
> For Owner User properties, current balance sheet and income statement for Business
> For investment properties, 3 years of tax returns for subject property
> For investment Properties -copies of all leases and signed rent roll
> Historical debt service coverage of 1:25x based on financial data provided by applicant
> Global debt service coverage of 1:1.20x based on financial data provided by applicant
> Most recent 3 years of Federal tax returns for all principals/owners
| Let us help provide you with the expertise and knowledge in all aspects of commercial real estate and business financing. Call (866) 231-5457 or email us at: info@cradvisors.us |
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