Long Term Commercial Loan
Apartments (5 or more units)
Program #LG103
Apartments (5 or more units)
Program #LG103
Summary of all Guidelines | |
| Loan Types | Commercial Loan |
| Property Types | 2-4 Units, Automotive, Church, Condo, Entertainment Venue, Industrial, Medical Office, Mixed use, Multi Family, Office, Place of Worship, Retail, Special-Use, Strip Center |
| Lendding Area | california |
| Loan amount Minimum | $50,000 |
| Loan amount Maximum | $4,000,000 |
| Interest Rate Minimum | 7.5% |
| Interest Rate Maximum | 10% |
| Points Maximum 1st TD | 1 |
| Terms | 3 year, 5 year, 7 year |
| Credit Score Min | 620 |
| Fees | Processing Fee |
| Entities | Corp - Corporation, Individual, LLC - Limited Liability Corporation, LP - Limited Partnership, Partnership, Trust |
| Cross Collateralize Blanket | Yes |
| Lien Position | 1st |
| Max Points Charge by Broker | 2 |
| Prepayment Penalty | 3+ years, 5,4,3,2,1 |
| Documents needed | Application, Tax Returns - Business - 2 years, Tax Returns - Personal - 2 years |
| Fixed or Adjustable | Fixed |
| Updated as of | 2024-03-05 |
These descriptions are limited information and meant for general reference purposes.
- Victor Jacobs
Senior Vice President
