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New Commercial Loan Program

By Administrator | August 30, 2005

Small Balance Commercial Commercial Lending Based On Residential Lending Guidelines

Down Payments as low as 10% (5%with seller 2nd)
More Borrowers and Properties qualify with the DTI Approach
Borrower with 600+middle score
Considers all income not just property cash flow
Considers Assets and cash reserves
Non-Bank
Quick Approvals (48-72hours)
Fast closings (50 days or less)

Qualified on DTI or DSCR

15, 20, 30 year fully amoritzed (No Balloons)
Fixed and Adjustable rate options
Purchase, Rate & Term Refi, Cashout Refi (unlimited)
Owner occupied or investor
90% Financing available (10% Down)
95% CLTV with seller 2nd (5% Down)
Individuals, LLCs, Corporations, Partnerships, Trusts
No limit on loans to one borrower
No depository relationship required
Up-front Approvals

Eligible Property Types:

  • Multi-family
  • Office
  • Warehouse/Self Storage
  • Bed & Breakfast
  • Mixed-Use
  • Retail
  • Light Industrial
  • Qualifying Mobile Home Parks

    • Submit Loan Request: www.efundingsource.com


    Topics: Loans |

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