Lenders
for your Florida
Loan
Florida Commercial Loan
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Listed below is a partial list of properties that require commercial mortgage financing. Commercial Properties require additional information in order to qualify for financing. In addition to traditional underwriting guidelines we will need:
In order to see if you are a candidate for commercial financing please have on hand: |
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Multi family
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Retail
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Office
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Health Care
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Office
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For the above type of Commercial Properties...fast and easy financing is available:
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Loan amounts to $100,000,000
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2-, 3-, 5-, 7-, and 10- year ARM products
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20,25 AND 30 YEAR FIXED RATE
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30 year amortization with no balloons
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Purchase, Refinance, Bridge and Construction
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Most products, No up front fees!
Contact Us For Commercial Financing
or call direct 561-470-7623
In addition, for the following categories we have lenders for
commercial mortgages from $400,000 - $100,000,000.
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Land Acquisitions
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Gas Stations
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Development Loans
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Marinas
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Construction Loans
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Hotels
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Bridge Loans
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Golf Courses
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Commercial Real Estate Loans
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Dockominiums
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Mezzanine Financing
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Condo-Conversions
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Joint Venture Financing
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Churches/Day-Cares
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Retail Centers
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Industrial
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Office Buildings
Are You Looking for a SPEC LOAN?
Q. What is "Spec" construction?
A. Contractors, builders and developers who are building a home without a guaranteed sale upon completion are said to be building on "Spec", which is short for "Speculation". These individuals and companies are speculating that they will earn a profit when they sell the newly constructed home. This special program is specifically designed for these types of projects.
Q. What do my Builders need to know about the Spec Loan?
A. Here's some important information about the Spec Loans: ·
- 24/7 online draw request ·
- Financing up to 90% of total project cost ·
- Loans up to 80% LTV ·
- Loans up to $1.5M,
- No loan committee approval on loans less than $1M ·
- Up to 4 loans to the same Builder within the same subdivision, market or neighborhood ·
- Lot draws up to 60% of land value ·
- Land equity and pre-paid costs can be used as down payment ·
- No DTI ratio calculated ·
- Corporations, Partnerships and LLCs okay with personal guarantees by principal(s)
Q. What does it take for my Builder to qualify for a Spec Loan?
A. This is a list of requirements that your Builder will have to meet: ·
- 680 middle credit score ·
- 10% post-closing liquidity of the total loan amount ·
- Minimum GPM (gross profit margin) of 15% ·
- Full documentation only ·
- Only approved Builders with 5+ years experience in the building/marketing of residential SFR's are acceptable as GC's.
Member of Florida Mortgage Professionals Association
Member of The National Association of Mortgage Brokers
*Licensed Correspondent Lender in the State of Florida
Licensed Mortgage Broker in the State of Florida
Registered Better Business Bureau of South Florida