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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