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Sharestates

Long Term Commercial Loan
Term Loan - LG263

Sharestates

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.

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