Commercial Loans
 

Multi-Family (5+ units) - Retail Strip Centers – Office Complex – Office Condos - Assisted Living Facilities – Warehouses – Light Industrial – Restaurants – Mobile Home Parks

Looking to stop renting and buy a commercial property to operate your business? Low down payments are available to owner occupied businesses.

Investors can put 10% down and own a 5+ unit apartment complex!

Being a real estate broker and an owner of commercial property gives her the added benefit and understanding of the complexity of commercial financing. It is extremely important to have an extensive knowledge of the calculation of the property’s net operating income (NOI) and how the lenders modify it for their calculations.

 ___Net Operating income______ = Debt Service Cover Ratio a/k/a DSR
Annual Mortgage Payment Amount

Most commercial lenders want this ratio to be 1.2 or better. In other words, the property needs to cash flow 20% or more then your annual mortgage payments (not including taxes and insurance).

When you are buying a property with “below market rents”, those rents will keep your lender’s cash flow numbers low AND your debt service ratio. With a 680 or better, we have a program that will accept a debt service ratio at 1.00 or a breakeven cash flow. That is a RARE feature in commercial lending but helps great deals close for investors!

• Credit Score as low as 620

• No pre-payment penalty options are available

• 40-year amortization available to lower your payment and give you more CASH FLOW

• 30 year fixed mortgages available for the long term hold

• Interest Only features allowed

• 10 year fixed with a 30 amortization

• No Phase 1 Environmental required (saves on closing costs)

• Commercial Equity Line of Credit (CELOC) available