Categories
In The News Money Available Preparation Real Estate Projects Referral Partners

Small Balance Commercial Loans $100,000 to $5 million

This came in from Jim H. a Commercial Banker whom I have worked with for several years on small transactions. This arrived June 10, 2009

We are CLOSING Deals


OWNEROCCUPIED/OPERATED PURCH. or NEW CONST. to 90% LTV

Property Type

Loan Amount

LTV-SBA

Floating

3-Year Fixed

5-Year Fixed

Term

Office Bldg./Condo.

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Office-Warehouse

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Light Manufacturing

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Multi-Store Retail Ctr.

$100,000 to $5,000,000

90% Max.

5.75%

7.45%

8.15%

25 Years

Newer Flagged Hotel

$100,000 to $5,000,000

85% Max.

6.00%

N/A

8.90%

25 Years

Heavy Manufacturing

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Charter School

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Day Care Center

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Auto. Service Garage

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Assisted Living Home

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Retail Store

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Day Spa/Salon

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Funeral Home

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years

Restaurant

$100,000 to $3,000,000

80% Max.

6.00%

8.20%

8.90%

20 Years



NON-OWNER
OCCUPIED PURCH./CONST. & ALL REFI’s up to 60% LTV

Property Type

Loan Amount

Max. LTV

Floating

3-Year Fixed

5-Year Fixed

Term

Office Bldg./Condo.

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Office-Warehouse

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Light Manufacturing

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Multi-Store Retail Ctr.

$100,000 to $4,000,000

60%

6.00%

7.70%

8.40%

20 Years

Newer Flagged  Hotel

$100,000 to $4,000,000

55% to 60%

6.25%

N/A

9.15%

25 Years

Heavy Manufacturing

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Charter School

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Day Care Center

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Auto. Service Garage

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Assisted Living Home

$100,000 to $2,500,000

50%

6.25%

8.45%

9.15%

20 Years

Retail Store

$100,000 to $2,500,000

..

MINIMUM Credit Requirements (ALL Loans/Properties):

–  Guarantor(s) MUST show proof of 9 – 12 Months Reserves and Credit Card Balances UNDER $65,000.

–  N.O.O. Borrowers Must have Outside Income to cover Personal Living Expenses AND 25% of Mortgage.

–  Property held less than 5 Years will be Valued at Purchase Price plus Paid Capital Improvements.

–  Owner Occupied Business –OR– SINGLE Tenant MUST be Profitable on 2007 & 2008 Tax Returns.

–  660 Minimum (720 for ANY Construction) Experian FICO on Owner Occupied or N.O.O. Properties.

–  Mortgage Payments, Property Taxes and Payroll Taxes must be Current PRIOR to Underwriting.

–  NO Cash-Out Available EXCEPT for Property Improvements and/or Loan Costs ONLY.

–  MINIMUM Population Base of 40,000 (City/Town/County).

–  NO Bankruptcies or Foreclosures for 10 Years.

Properties we just Can NOT Finance-

ANY RESIDENTIAL Development/Subdivision/Project/Condos/Fractionals/etc.

– NEW Business Start-Ups as Primary Tenant (Except Major Franchises)

– Any VEHICLE DEALERS (Cars/Trucks/Motorcycles/RV’s/Boats/etc.)

– Warehouse/Industrial Over 60,000 sq.ft  – OR –  Over 60 Years Old.

– Car Washes, Convenience Stores (w/ Gas) and Gas Stations

– ANY Hotels/Motels/Bed & Breakfast Built BEFORE 1989.

– CHURCHES and most Church-Owned Facilities

– Multi-Family and APARTMENT Complexes

– Mobile Home Parks and R.V. Parks

One reply on “Small Balance Commercial Loans $100,000 to $5 million”

If you need a small commercial loan and you banker has said, “NO!!!: This is the way to go. I have known this banker for several years. Meet his rules and you’ll be funded just as hundreds of others have.

Leave a Reply