Florida Commercial Loan

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Florida commercial loan

Florida Commercial Property Mortgage

Do You Need A Commercial Loan?
LOW AND NO DOWN PAYMENT LOANS FOR OWNER OCCUPIED PROPERTIES AVAILABLE!
Listed below is a partial list of properties that require commercial mortgage financing. Commercial Properties require additional information in order to qualify for financing.
Our Florida Mortgage Experts have many lenders that specialize in this type of Mortgage and this type of borrower.

In addition to traditional underwriting guidelines we will need:

Current Rent Roll
Current Leases
Past two years of operating statements, including capital expenditures
Evidence of zoning
Commercial Application
Credit history
Environmental report

In order to see if you are a candidate for commercial financing please have on hand:
Potential or actual Gross Rent
Annual Taxes
Annual Insurance Premiums
Annual Management Fee
Annual Utilities

Multi family

Garden Apartments
Hi-Rise Apartments
Mid-Rise Apartments
Low/Mod Income Student Apartments
Senior Apartments Underlying Coop

Retail

Regional Enclosed
Strip Center
Outlet Mall
Free Standing Single Tenant
Regional Unenclosed

Office

Single Tenant
Hi-Rise Tower
Mid-Rise Office
Office Over Retail

Health Care

Congregate Living
Nursing Home
Rehabilitation Ambulatory Care

Office

Heavy Manufacturing
Light Manufacturing
Warehouse/Distribution
Owner Occupied
Multi-Tenant
Self Storage
Special Purpose

For the above type of Commercial Properties...fast and easy financing is available:

Loan amounts to $20,000,000
2-, 3-, 5-, 7-, and 10- year ARM products
20,25 AND 30 YEAR FIXED RATE
30 year amortization with no balloons
Credit scores as low as 575
Full doc and stated programs
purchase and refinance
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.

Land Acquisitions
Gas Stations
Development Loans
Marinas
Construction Loans
Hotels
Bridge Loans
Golf Courses
Commercial Real Estate Loans
Dockominiums
Mezzanine Financing
Condo-Conversions
Joint Venture Financing
Churches/Day-Cares
Retail Centers
Industrial
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.

CONTACT US TO DISCUSS YOUR COMMERCIAL LOAN WITH AN EXPERT