Financial Crisis, Bailout, What Financing is Available?

Available Commercial Financing in Today’s Uncertain Market

With the financial crisis limiting the amount of financing available, even with the bailout measures being implemented, we wanted to give you an idea of what type of deals the main lenders are looking for.

Here’s the “sweet spots” right now.

Predominantly thru our SBA 7A programs we are still funding (actually were doing more volume than ever). Owner-occupied (51%+) properties. Loan amounts $250,000 - $2,000,000. Up to 90% financing for real estate purchase or expansion (including build-out). For medical professionals we can include equipment, inventory and working capital in that 90% as well.

Apartment buildings and assisted living facilities. Minimum $2 million loan amount. Up to 85% LTV. Up to 7.5% seller held 2nd allowed. Minimum 1.25 DSCR required.

Any other multi-tenant / income producing property we will consider (no rural properties) up to 75% LTV maximum.

Accounts receivable financing. (Prefer companies with government contracts or receivables from Fortune 1000 companies). Typically, we are looking for borrowers with net worth equal to or greater than loan amount requested (as a bare minimum).

Unsecured lines of credit are pretty much dead right now.

Although “stated” income loans are still available, max LTV’s are 70% for purchases and 55% - 65% for refinances (depending on property type and borrower strength).

So call us TODAY at 863-298-8900 or visit our web site at http://CommercialLendingPros.com

Regards,

Tony DeCresie

FEATURED PROGRAMS

DEVELOPMENT FINANCING

~ $ 10 Million to UNLIMITED!
~ International as well
~ Terms and structure will vary by deal
~ Tier 1 & Tier 2 Developers Only
~ All properties and projects considered, but the deal MUST be strong...more details

HARD MONEY

~ $2 Million to $25 Million or more!
~ 1 to 3 Year Terms
~ Good exit strategies are critical
~ QUICK CLOSINGS
~ LOW OR NO DUE DILIGENCE FEES!
~ No daisy chains accepted

So call us TODAY at 863-298-8900 or visit our web site at http://CommercialLendingPros.com