Long Term Commercial Loan
Small Balance Commercial - LG374
Small Balance Commercial - LG374
Summary of all Guidelines | |
| Loan Types | Commercial Loan |
| Property Types | Office |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 9% |
| Interest Rate Maximum | 10.5% |
| Points Minimum 1st TD | 1 |
| Terms | 5 year, 7 year, 10 year |
| Typical Days Required to Fund | 20-30 Business days |
| Credit Score Min | 660 |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Cross Collateralize Blanket | Yes |
| Lien Position | 1st |
| Max Points Charge by Broker | 5 |
| Prepayment Penalty | 5,4,3,2,1 |
| Documents needed | Tax Returns - Business - 2 years |
| Intended Occupancy | Tenant, Owner Occupied Business Purpose |
| Fixed or Adjustable | Fixed |
| Recourse | Recourse |
| Updated as of | 2024-02-13 |
| Program Code | LG374 |
These descriptions are limited information and meant for general reference purposes.
