Long Term Commercial Loan
Term Loan
Program #LG263
Term Loan
Program #LG263
Summary of all Guidelines | |
Loan Types | Commercial Loan |
Property Types | 2-4 Units, Multi Family, SFR |
Lendding Area | NATIONWIDE |
Loan amount Minimum | $100,000 |
Loan amount Maximum | $10,000,000 |
Terms | Fixed for 5 years then 6 month ARM, Fixed for 7 years then 6 month ARM, Fixed for 10 years then 6 month ARM, 30 year |
Credit Score Min | 660 |
Interest Only or Amortized | Interest Only |
Entities | LLC - Limited Liability Corporation, LP - Limited Partnership, Corp - Corporation |
Lien Position | 1st |
General Pricing or Guideline info | - Valuation Type: All properties are required to have a full conforming appraisal. - Minimum Experience: Must own primary residences or 1 investment property - Bankruptcy: Not within the last 4 years and no other derogatory payments. - Loan Structure: 30 years Fixed, 10/6 Interest only, 7/6 Interest only, 5/6 Interest only. - Loan Purpose: Purchase or Cash Out Refinance. |
Updated as of | 2023-11-10 |
- Valuation Type: All properties are required to have a full conforming appraisal.
- Minimum Experience: Must own primary residences or 1 investment property
- Bankruptcy: Not within the last 4 years and no other derogatory payments.
- Loans Structure: 30 years Fixed, 10/6 Interest only, 7/6 Interest only, 5/6 Interest only.
- Loans Purpose: Purchase or Cash Out Refinance.