Non-Recourse Commercial Financing
Property types: Apartment complexes, Self-storage facilities
Shopping centers, Mobile home parks
Loan Proceeds: Acquisition, Refinance, Cash-out
Recourse: None
Size: Greater than $1,000,000
Fast Close: 45-60 days
Debt Service Coverage: 1.25%
LTV: 65% - 75%
Term: 25 - 30 years
Interest: Fixed Rate @ 6.0 - 7.9%
The appearance is not a factor for approval. However, the property MUST be cash flowing. Local and regional banks can NOT match these terms.