Liberty Mortgage
5533 W. 109th St. Oak Lawn, IL 60453 Phone:(630)862-1811 Email: [email protected]
Corp. Menu Processors Mtg. Programs Mtg. Forms LOs Todays Rates Corp. Docs Other Services Retail MenuCommercial Lenders
5th 3rd Bank
VP
Obi Ekwueme
Phone:
773.503.8380
Email:
Programs:
Investor Loans
* SBA Loans
* Commercial & Industrial loans to owner occupied clients.
* Business Line Of Credit
The CNI loans have much smaller fees than the SBA loans
(I have seen one as low as $800 for acommercial mortgage
of $500,000.
Apex-Applied For
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
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%)
Patch Of Land
LO
Joe Zaniboni
Phone:
760-994-6693
Email:
Web Site
Programs:
Investor,
Ready Capital
Permanent Debt Loan Program: Non-recourse, competitive fixed
rate financing on stabilizedincome producing, investor properties
* No origination fee
* Interest only options available.
* Cash out
* Foreign National Sponsors
* Fixed interest rate – market based spreads starting from 200 bps
over relevant duration Swaps
Core 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, single tenant, and mixed-use commercial.
* Markets – Top 100 MSAs with tertiary and rural markets
considered on a case 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 housing with 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 Borrowers to 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 commercial propertytypes nationwide. The target
transactions are quality properties that require short-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
Michael Boggiano
Vice President, CRE Lending
Ready Capital Corporation
1320 Greenway Drive, Suite 560, Irving, Texas 75038
(M) 954-980-4757
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
SBA & Non Conforming Lenders
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
SBA Lenders
Under $250,000.00
BMO Harris Bank - Chicago
Wells Fargo