Commercial Real Estate Financing

-FIX AND FLIP LOANS-

Perfect For:

The purchase of new real estate and the capital needed to fix the property and sell it for a profit.

Why:

Typically has a shorter term. And also in some cases lower payment if they are approved for an interest only loan.

Who’s Eligible:

Minimum 650 credit score. Lower scores accepted with more down payment or a better property. 700+ credit score required for Interest only plans.

-REFINANCE LOANS-

Perfect For:

Getting out of a balloon payment at the end of a hard money loan or pulling cash out of a property using built up equity. For a single property or multiple properties (blanket loan).

Who’s Eligible:

650 credit score is usually the minimum, however a lower credit score might be accepted with high equity in the properties.

Information Needed to Apply:

- Credit score

- Property location

- Amount owed on the property

- Property value

- Any additional properties owned

-LONG TERM PURCHASE LOANS-

Perfect For:

An investor that plans to hold a property for at least 5 years or more to use the property as a long term or short term rental property. Terms can usually go up to 15 or 30 years and they can be done fairly quickly in comparison to loans from a bank.

Eligibility:

Minimum 650 credit score, the better the credit score the better rate. At least a 20-25% down payment.

Information Needed to Apply:

- Credit score

- Property location

- Property value

- Any other properties owned

- Amount available for down payment

- Occupied/ empty units in the property