Liberty Mortgage
2501 S Trumbull Ave, Unit 2 Chicago, IL 60623
Phone: 773-677-6460 Email: [email protected] NMLS # 1807234
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Commercial Lenders
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Apex
Rep.
KevinM. Vanic
Office Phone:
800-262-2739 ext. 268
Direct Phone:
267-470-1917
Email:
Web Site:
Cogo Capital (Private Money Loans)
LO
Alison Arnold
Phone:
800.473.6051 EXT 1178
Email:
Programs:
Investor Loans
Web Site
Northwind a Division of Red Oak Capital
Rep.
Aaron Metaj
Office Phone:
(616) 977-7900
Direct Phone:
(616) 485-7750
[email protected]Email:
Web Site:
Finance Of America Commercial
Rep.
Patti Kaiker
Office Phone:
630-215-6813
Email:
Web Site:
Web Site:
Login:
financing,[email protected]
Pssword:
B5jAzq5H
Programs
Fix & Flip (10% & 5%)
Liberty Bank - Commercial Loan Programs - Chicago
Representative:
Louis Polychronos
Phone:
773-951-7224
Email:
Chicago Commercial Lender
Ready Capital
Permanent Debt LoanProgram:
Non-recourse, competitivefixedrate financing
onstabilizedincome producing, investorproperties;
* No origination fee.
* Interest only options available.
* Cash out.
* Foreign National Sponsors.
* Fixed interest rate – market based spreads starting from
200 bps over relevantduration SwapsCore Program Loan
Criteria:
* $750,000 to $10,000,000 (up to $25,000,000 on an exception basis)
* Eligible properties:
Multifamily
Office
Retail
Industrial
Self-storage
Singletenant and mixed-use commercial.
..
Markets:
Top 100 MSAs with tertiary and rural marketsconsidered
on acase by case basis:
* 2-year to 15-year fixed rate terms / 15 to 30-years amortization.
* Up to 75% LTV.
* Yield maintenance or flexible step-down prepayment options.
.
Freddie Mac SBL Loan Criteria:
* $1,000,000 to $7,500,000.
* 5, 7 or 10-year fixed rate term. 20 Year Hybrid ARM with initial
5, 7, 10 Year Fixed.
* Up to 30-year amortizations.
* Up to 80% LTV in Top and Standard Markets. 70% Small and
Very. Small Markets (75%for acquisitions)
* Partial interest only; full-term interest only may be available
* Yield maintenance or step-down prepayment options
* Multifamily housing with five residential units or more, including
conventional housingwith tax abatements and Section 8 vouchers
and properties with space for certain commercial(non-residential)
uses.
* Portfolio financing available
.
Bridge To Freddie Mac Takeout
Ready Capital has introduced a “Bridge to Freddie” loan strategy
which allows for Borrowersto acquire properties, that do not
currently meet Freddie Mac SBL criteria, using a short-term
bridge loan.
* Loan amounts $1,000,000 to $7,500,000
* Multifamily – mixed use – income producing – investor properties
* 6 months to 2-year primary term
* Interest rates generally 300 bps to 500 bps over LIBOR
* Partial or non-cash flowing assets
* No minimum DSCR or DY required
* Bridge
.
Ready Capitaloffers a bridge program for both multifamily and
multipurpose commercialproperty types nationwide. The target
transactions are quality properties that requireshort-term bridge
financing for a variety of reasons.
* Loan amounts $3,000,000 to $50,000,000
* Multifamily, mixed-use, retail, office, industrial
* Up to 5-year primary term
* Partial or non-cash flowing assets
* Up to 80% full LTC and up to 75% LTV
* No minimum DSCR or DY required
* Up to 1% origination fee and 1% exit fee
.
Initial Documents Needed for Pricing
* Current rent roll
* 2 years of operating statements with Year-to-Date
* Trailing 12-month operating statement
* P & S Agreement if applicable
* Proforma with capital expenditure schedule if applicable
Sabal- Freddie Multi-Unit
Rep.
Phone:
844-894-SNAP
Email:
Web Site
Rates:
Silver Hill Commercial Loans
SunWest
Rep.
Patrick Fitzsimonds
Phone:
562-317-0106
Email:
.
Programs:
5 Units & Up
Loan Amounts $1 to$6 Million
.
Universal Commercial Capital
.
The SBA Regional Office
Business Development
Rep.
Patric Piarkowsti
Phone:
312-353-5060
Web Site
Email:
patric.Piarkowsti@sba.gov
BMO Harris Bank - Chicago
Wells Fargo
E2 - ConformingCompetitiveRates - Up to 100% SBA Loans
Representative:
Jan Manning
Phone:
727-249-6304
Email:
Website:
Pricing Engin:
Login:
Password:
Mike.3408
ALTM
Rep.
Harold Hall
Ex. V.P New Business Development
Office Phone:
610-537-7786
Email:
Web Site:
* Conventional Loans / Full Doc
* Stated Inc. Loans/No Taxes Required/LimitedDoc/Com. & Res. Properties
* SBA Loans 7A and 504
* Fix and Flip / Fix and Lease 85% of PurchasePrice and 100% of Rehab Costs
* Construction Loans 85% of total cost. 100% in some cases
* Hard Money that is not so Hard with rates starting at 8%
* Business Loans with or without Real Estate
* Medical Account Receivables
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