Non-Recourse Commercial Financing | |
Property types: | Apartment Complexes, Self Storage Facilities, Shopping Centers, Mobile Home Parks |
Loan Proceeds : | Acquisition, Refinance, Cash-out |
NO PERSONAL GUARANTEES | |
Size: | Greater than $1 Million |
Fast Close: | 45-60 Days |
Debt Service Coverage: | 1.25% |
LTV: | 65% – 75% |
Term: | 25 – 30 Years |
Interest: | Fixed Rate @ 6.0% – 7.9% |
Lender Points: | None |
The appearance is not a factor for approval. However, the property MUST be cash flowing. Local and regional banks can NOT match these terms. |
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