OPTIONS FOR ALL PROGRAMS

Chicago

Commercial Loans

When refinancing a recently stabilized property - we only need 75% economic occupancy for the preceding 90 days at a 1.15 DSCR. No seasoning on the title and the ability to use appraised value vs cost basis!  We work with Out of state investors and business owners.


Commercial mortgage rates for multi family apartment complex, six flat commercial buildings, restaurant and bar buildings, daycare business building, retail strip malls & office buildings, your business location, warehouse and many other opportunities. We want to finance, refinance you and your building at better rates and get cash out from your property by using your idle equity in your building. Our programs help grow your business.


We are commercial mortgage lending professionals and earn our brokerage fees, origination fees / YSP on the total loan amount borrowed. The lender may also have additional charges such as underwriting fees and doc fees. All Rates and Programs are subject to change at any time without prior notice. 

COMMERCIAL REAL ESTATE LOANS FOR BUSINESS OWNERS AND INVESTORs

AND refinance Cash out commercial real estate mortgage programs

Loan Amount: $250K-$2MM ($2MM-$5MM TBD)
Loan Purpose: Purchase, Cash Out, Refinance
Loan Product: 5-Year and 7-Year Hybrid
Rates: 6-9%
Amortization: 20, 25, 30
Min. Middle Credit Score: 650
Index: Wall Street Journal Prime Rate


Eligible Markets: Top 200 MSAs
Property Types Tier I: Multifamily and Mixed-Use (Residential)
Property Types Tier II: Mixed-Use (Commercial), Office,
Retail, Light Industrial, Self-Storage, Warehouse,
Automotive, Mobile Home Park, Daycare Center,

Restaurant, Bar


Standard Prepayment Fees: 5% For First 3 Years
Eligible Borrowers: U.S. Citizens,
Permanent Resident Aliens, Legal Entities

• Up to 80% LTV on all properties and this includes
cash-out transactions


• Borrower does not document income on tax returns,
investor and owner occupied


• Recently stabilized - we only need 75% economic
occupancy for the preceding 90 days at a 1.15 DSCR


• No seasoning on title and the ability to use appraised
value vs cost basis


• Out of state investors


• Markets with higher CAP rates


• Low liquidity - Only needs 3-6 months of
P&I in reserves