Blog Archive

Thursday, March 10, 2011

Multi-Family Commercial Loans, Business Financing: We Are Lending!

WE ARE LENDING! Commercial Real Estate Loans, Multi-family / Apartment Financing!  
Here's a quick overview of the different types of Multi- family loan programs we offer, including maximum LTV and average closing time. 
Hard Money / Bridge Loans
50% - 65% maximum LTV (varies depending on loan size, location, property condition, occupancy, etc.)
3 - 6 weeks closing time

Private Hedge Fund
75% LTV max
6-8 weeks closing time
$1 million loan minimum

Fannie Mae Loans
75% - 80% LTV max (lower in some markets within FL, AZ, NV, OH & MI)
60 - 90 day closing time

FHA / HUD loans
120 - 180 days (depending on area)
80% - 85% LTV max
$2 million loan minimum / no maximum

We also offer hard money / bridge loans that allow you to close quickly and have no pre-payment penalties. But the maximum LTV for bridge loans is usually 65% (sometimes higher, depending on the situation) so bridge loans will usually require more cash from you (or more seller financing).

Hopefully, that will give you a better idea of what you have to work with when you're negotiating your final purchase agreement. 

We are also SBA 504 Direct Lenders and are preferred SBA 7a Lenders!

Give us a call at: 863-298-8900 or 813-833-3132

Or click here to fill out a Quick Loan Pre-Qual form to get a fast response to your loan scenario

Commercial Lending Pros
Tel: 863-298-8900
Fax: 863-877-4456
Your #1 Source For Commercial & Business Financing

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