Mioym Commercial Capital
- Coby Joe
Loan Officer
Bridge Loan | |
| Property Types | Automotive, Daycare, Funeral Home, Gas Station, Industrial, Medical Office, Mobile Home Park, Multi Family, Office, Retail, Self-Storage, Warehouse |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $100,000 |
| Loan amount Maximum | $15,000,000 |
| Terms | 1 year |
| Lien Position | 1st |
| Updated as of | 2022-01-01 |
| Program Code | LG161 |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Rehab Loan, Rental Portfolio |
| Property Types | 2-4 Units, Automotive, Condo, Daycare, Funeral Home, Industrial, Mixed use, Mobile Home Park, Multi Family, Office, Restaurant, Retail, Self-Storage, SFR, Special-Use, Strip Center, Warehouse |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 5.5% |
| Terms | 1 year, 1.5 years, 3 years, 7 years, 10 years, 30 Years |
| Credit Score Min | 620 |
| LTV Bridge | 85 |
| LTC Construction | 85 |
| ARV Rehab & Construction | 75 |
Mioym Commercial Capital ("MCC") was established in 2008 to provide financing to real estate investors to fund the purchase of non-owner occupied residential and commercial properties, provide commercial bridge loans, and provide real estate-backed lines of credit. Formed towards the end of the recession, MCC has benefited from a turbulent housing market in which many real estate investors see great opportunity. A lack of liquidity in the credit markets and increased regulation of the banking industry has restricted conventional financing as an option for investors in fast-moving and competitive real estate markets. As the nation’s premier direct private lender, MCC helps fill this void.
MCC is a nationwide direct lender. We provide short-term funding for fix & flips, rehabbing, ground up construction and conversions. We also offer long term programs for rental holds. Our hard money loans range from $50k to $10MM+ for the purpose of acquisition, refinancing, cash-out, bridge and construction. We lend on non-owner occupied investment and commercial properties.
MCC takes a common sense approach to underwriting, with all approvals made in-house. We are dedicated to providing quick responses to time-sensitive loans, often times with the ability to close in as few as 7-10 days. At MCC, we value referrals and our brokers are always protected. We are committed to the highest level of customer service because our success lies in building relationships.
Mioym Commercial Capital lends to real estate professionals, investors, developers, contractors and specialists throughout the United States.
Mioym Commercial Capital is located in Rye Brook, NY. They offer financing for Bridge Loans, Rehab Loans and Rental Portfolio. The property type they primarily lend against is SFR, 2-4 Units, Automotive, Multi Family, Condo, Office, Industrial, Retail, Mixed use, Daycare, Funeral Home, Mobile Home Park, Restaurant, Self-Storage, Special-Use, Strip Center and Warehouse. Their minimum loan amount is $50,000. Their maximum loan amount is $10,000,000. Maximum duration of 1 year;1.5 years;3 years;7 years;10 years;30 Years. Although rates can change they are typically lending at a minimum rate of 5.5%.
These descriptions are limited information and meant for general reference purposes.