Alternative Commercial Real Estate Loan

The alternative loan program is designed for investors and business owners seeking a streamlined loan solution. Multiple qualifying solutions include: property cashflow, full documentation, 12 month bank statements or stated income. Quick Close options are available for opportunistic acquisitions or upcoming loan maturity. All property types and purposes (purchase, refinance and cash-out) are eligible for an 80% LTV. With flexible common sense underwriting a previous bankruptcy or foreclosures only needs 2 years of seasoning to be eligible. This is the ideal alternative to a traditional bank or hard money loan.

 

 

Key Points

600 Minimum FICO

Same Day Conditional Loan Approval

Full, Lite and Stated Documentation Options for Owner Occupied

No Seasoning Requirement On Title

No Lender Origination Points

No Income or Employment Verification Required

No Personal or Business Tax Returns Required

No Limit on Properties Owned

Unlimited Cash-Out Up to 80% LTV

Quick Close Available

 

 

Terms

$250,000 - $2 million+

LTV: up to 80%*

Interest: from 5.25%**

Rate: Hybrid

Fixed Period: 5, 7 & 10 year options

Term: up to 30 years

Amort: 20, 25 and 30 year options

DSCR: 1.20x minimum

PPP: Multiple Options

Impounds: Property Taxes & Insurance 

 

 

Purpose

Acquisition

Refinance

Cash-Out (unrestricted)

 

 

Collateral

Automotive Services

Bar

Daycare

Hospitality

Industrial

Mixed-Use (residential or commercial)

Mobile Home Park

Multifamily  (5+ units)

Office

Restaurant

Retail

Self Storage

Warehouse

 

 

*Up to 80% LTV on all property types and this includes cash-out transactions with 700+ FICO

**Pricing is dependent on: Property Type, Loan Term, Location, Loan-to-Value, DSCR, Credit Profile and Quality of Sponsorship