Skip to content
Search
Close this search box.
(800)865-9011

LG15

Loan Types Commercial Loan
Property Types Automotive, Daycare, Industrial, Mixed use, Mobile Home Park, Multi Family, Office, Restaurant, Retail, Self-Storage, Warehouse
Lendding Area NATIONWIDE

Must be located in the top 200 MSAs

Max Broker Upfront Compensation: 3 points upfront + up to $2,000 Broker processing fee
YSP Spread Options à
No YSP = Par Rate
• 1/3 Point = 0.125% Rate Increase

• 2/3 Point = 0.250% Rate Increase

• 1 Point = 0.375% Rate Increase

• 1 1/3 Points = 0.500% Rate Increase

• 1 2/3 Points = 0.625% Rate Increase

• 2 Points = 0.750% Rate Increase

------------------------------------------------

Other:

For reduced PPP: 1) 5 Year Declining 5%,4%,3%,2%,1% add +.125% to rate / For 5% for 3 Year PPP add +.25% to rate
Or Refinances: Rents are verified via last 2-month bank statements; Underwriting may request cancelled checks.
· For rate Buy down -.375% to rate = 1-point cost to Borrower (Max buy down -.750% to rate = 2 points cost to Borrower).

· All of our loans required six (6) month reserves.

- Min 450 sq feet per unit

These descriptions are limited information and meant for general reference purposes.