Loan Services

Alternative Bank Solutions

secure financing when the Banks Say No.

Commercial Loan Program

  • Purchase/Cash-Out/Refinance
  • Loan Amount: $100K – $2MM
  • Terms: 5-Year ARM and 30 Year Fixed 
  • Rates: Starting at 4.75
  • Amortization: 15, 25, 30 
  • Max LTV <$500K: 75%  >$500K: 70%
  • Min FICO: 650
  • Min DSCR: Owner Occupied: 1.2*   Investor: 1.15**
  • Stabilization: 75% occupancy required over a 90-day trailing UW period**
  • Underwriting Method: Owner-Occupied – Global DSCR, Investor: Property DSCR
  • Documentation: 2 years personal and business tax returns
  • Eligible Properties: Tier I: Multifamily, Mixed-Use (primary residence)

Tier II: Retail, Mixed-Use (primary comm), Warehouse/Self-Storage, Office, Light Industrial, Automotive, Mobile Home Park

  • Pre-Payment Penalty: 5% for 5 years, Declining 5%, 4%, 3%, 2%, 1%

*Debt service requirement is based on borrower’s FICO score and may be higher than figures shown.
**Not applicable if property is purchased as a new space or expansion.

 

                               

Lite Doc Loan Program

  • Purchase/Cash-Out/Refinance
  • Loan Amount: $100K – $2MM
  • Terms: 5-Year ARM and 30 Year Fixed 
  • Rates: Starting at 4.75
  • Amortization: 15, 25, 30 
  • Max LTV <$500K: 75%  >$500K: 70%
  • Min FICO: 650
  • Min DSCR: Investor: 1.15*
  • Stabilization: 75% occupancy required over a 90-day trailing UW period**
  • Underwriting Method: Investor: Property DSCR
  • Documentation: No tax returns, Appraisal reviewed and property cash flow
  • Eligible Properties: Tier I: Multifamily, Mixed-Use (primary residence)

Tier II: Retail, Mixed-Use (primary comm), Warehouse/Self-Storage, Office, Light Industrial, Automotive, Mobile Home Park

  • Pre-Payment Penalty: 5% for 5 years, Declining 5%, 4%, 3%, 2%, 1%

*Not applicable if property is purchased as a new space or expansion

 

The A+ Program

The A+ program is designed for small business owners and property investors with good credit and solid financials who are unable to obtain bank financing.

With both standard and top tier options, the A+ program is a great choice for your best non-bankable borrowers. Loan over $1 million only available in major MSAs.

Rate

Starting at 5.25%

Loan amount

$125,000 to $1.5 million

Loan term

Standard: Fixed rate terms of 1, 3 or 5 years with 15-year maturity Top Tier: Hybrid fixed for 3 or 5 years, then adjusts monthly; 30-year amortization with 10-year maturity

Max LTV

65% – varies by property type

Prepayment Penalty

5, 4, 3, 2, 1 declining 3, 2, 1 declining 5, 3 declining

Credit

700+

Collateral

Multifamily, Mixed use, Professional office space, Retail store- strip/free standing (case by case basis), *Office Warehouse (case by case basis)

* Not eligible in standard A+ program

 

The Core Program

Designed with small-business owners and commercial property investors in mind.

Fixed and adjustable rates are available. Loan over $1 million only available in major MSAs.

Rate

Starting at 8.99%

Loan amount

$125,000 to $1.5 million

Loan term

5-25 years

Max LTV

70% – varies by property type

Prepayment Penalty

5, 4, 3, 2, 1 declining

Credit

600+

Collateral

Apartment buildings, Office buildings, Multifamily, Retail, Mixed use, Hotel/motel, Recreational, Day cares, Hair salons, Auto repair/auto body, Funeral homes, Office/warehouses, Mobile home parks, Garage/storage, Bar/Restaurant

Story Loans/Credit Challenged

Many small business owners are unable to obtain bank financing for a variety of reasons. We understand the unique obstacles that these borrowers are more than their credit score or past financial challenges.

We’re willing to listen to their stories so that we can fully understand their situations and provide them with the best possible mortgage solutions.

Rate

Starting at 10.5%

Loan amount

$25,000 to $350,000

Loan term

5-25 years

Max LTV

65% – varies by property type

Prepayment Penalty

5, 4, 3, 2, 1 declining

Credit

Under 600 or other credit challenges

Collateral

Apartment buildings, Office buildings, Multifamily, Retail, Mixed use, Hotel/motel, Recreational, Day cares, Hair salons, Auto repair/auto body, Funeral homes, Office/warehouses, Mobile home parks, Garage/storage, Bar/Restaurant

Non-profit Program

Securing financing for non-profits is often a challenge, but we understand the needs of these organizations and have a program designed for them.

This is a low-doc program. Personal guarantors are required on a case-by-case basis.

Rate

Starting at 10.5%

Loan amount

$25,000 to $400,000 (May consider higher loan amounts)

Loan term

5-25 years

Max LTV

60% – varies by property type

Prepayment Penalty

5, 4, 3, 2, 1 declining

Credit

600+

Collateral

Houses of Worship, VFWs, Union halls, Office buildings, Retail

 

Have questions? Contact us Today! 832-945-1502