|
100% home loans, no down mortgage loans,
zero down financing, no down payment, Down payment assistance, countrywide,100%, 90%
investment property, NOO, Online application, 100% owner occupied primary
residence mortgage loans, loanweb, ditech, pre-qualify, lending tree,
eloan, e-loan, quickenloans, quicken home loans, e-loan, 95-97% refinance, refi, real
estate, chase, ameriquest, lendingtree, jp morgan chase, h&r block, bank
loan, CA, AZ,CO, CT,HI,ID,IL, IA, KS, MA, MD, MN, MO, MS, NC, NE, NJ, NM, NV, NY,
OH, OK, OR, PA, RI, SC, TN, TX, UT, WA, VA, WI, FNMA, Fannie Mae, FreddieMac, FHA,
VA, FHA Secure
| |
commercial, multifamily, apartment, comercial,
multi-family, bank loan business SBA homes
Commercial
Loans
Commercial (online) APPLICATION
or...Fill out the following
Commercial
Loan APPLICATION in WORD Format (complete and return)
Updated: February 18, 2008
Program # FCG-0100
a variety of programs to meet your borrowers' specific needs. Loan amounts
range from $250,000 to $5,000,000 on our core products, with up to $100,000,000+ loans
available from our Private Investor Bridge Loan Program. Stated Income or Standard
documentation underwriting with very low credit score requirements and unique underwriting
guidelines to fit most common sense scenarios for investors and owner users.
We also have available Bridge Loans/Hard Money programs that get the deal
closed FAST! We love these deals because the main underwriting is on the
property, and if owned free and clear, there is almost always a loan amount that is
available to help your client to the next stage of development and will close FAST!
With most banks shutting down development requests even for their most experienced
clients throughout the country , there are many developers with projects and acreage
free and clear, many with permits and development orders, while some of their other
projects are in or near default!
We can HELP!
Please see below for the details...
PRIVATE INVESTOR EQUITY PROGRAM
- Underwritten PRIMARILY based on equity in the property
- Purchases, refinances, foreclosure bailouts and bank
workouts
- Closings can occur in as little as 5 - 15 days!
- Up to 50%-65% LTV 13 months seasoning,
Improved or Land w/permits,Land Only 40%-50%LTC.
- Loan amounts from $250K to $100MM & more.
- We consider all property types except single family
residential.
- 12-Month Interest Only & Amortizing basis. Full
doc but Private common sense underwriting!
STANDARD DOCUMENTATION PROGRAM -Improved w/
Buildings
Underwritten based on cash flow from
property and/or the strength of the borrower
Up to 97% LTV for Owner-Occupied
Properties (90% for investment.)
Loan amounts up to $1.5MM
Minimum FICO score: 580
Property types: multi family (5+), mixed
use, retail, office, warehouse, light industrial, bed & breakfast, self storage,
mobile home park, gas stations and more.
Amortization periods: 15, 20 and 30 year
Fixed and Adjustable rates
STATED INCOME STATED ASSET PROGRAM (SISA)
Pure stated programs driven off FICO
scores and appraisal
No verification of income or assets
Up to 85% LTV, 90% CLTV's
Loan amounts up to $1MM
Minimum FICO score: 600
(Lower scores considered on a case-by-case basis)
Property types: multi family (5+), mixed
use, retail, office, warehouse, automotive, light industrial, bed & breakfast, self
storage, bar/restaurant, day care, mobile home park, gas stations and more.
Amortization periods: 15, 20, 25 and 30
year
Fixed and Adjustable rates
BUSINESS OWNER PLUS PROGRAM
Both Full Doc and Stated Income
underwriting options
Up to 90% LTV for owner-occupied
properties
Loan amounts up to $5MM ($3MM Stated)
Minimum FICO score: 600 (660 Stated)
Property types: mixed use, retail, office,
warehouse, automotive, light industrial, day care, dry cleaners, vocational schools,
convenience stores (no fuel) and more.
Amortization periods: 30 year
Fixed and Adjustable rates
2 Years of business operation required
PLATINUM LOAN PROGRAMS
Rates that rival local banks on a national
level
Full Doc and Stated Income programs
Loan amounts up to $3MM
Underwritten based on DSCR of property
(except in owner user scenarios)
Minimum FICO score: 600
Property types: multifamily (5+),
mixed-use, retail, office, warehouse, industrial. Call for others.
All loans based on 30 year amortization
Above Programs are funded thru direct
lenders that will be here!
- a wide variety of commercial loan programs available. We take all the headache and
guesswork out of the commercial loan process and will help you identify and capitalize on
the many commercial opportunities in your market. You can utilize our unique products and
experience to benefit from this untapped and very profitable sector of the commercial
market!
If you have a loan scenario, or just need
someone to discuss a potential transaction, call us on your next commercial
deal, you'll be glad you did!
We
also offer the following: |
| • Competitive SBA 504 financing to
90% LTV |
• Cash-out Refi's up to 75%-90 LTV |
| • Owner-user Conventional Loans to 90% LTV |
• Loans up to $5 million-500Million other programs |
• Alt-A Stated Income loans
(no tax returns or financial statements) |
• 30 Year Term - Fixed and Fully Amortized |
| • Hospitality Loans - Purchase or Refi |
| • Multifamily / Apartment Loans up to 80% LTV |
• Investor loans to 80% LTV |
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
NEW: "Stated Income/Stated
Asset" program: 11-06-2005
LTV’s UP TO 80% -
Combined LTV’s UP TO 90%
Fully Amortized Loans – 15,20 & 30 Years
Refinancing and Cash Out with NO Seasoning
Self-Employed Borrower with low or negative 1040’s
10% Down Payment Non-Verified
Seller takes back 2nd
All types of Properties
Loan Amounts from $125,000 to $1,000,000
FAST APPROVALS / FAST CLOSINGS
-----------------------------------------------------------------------------------
STANDARD Commercial Lending Programs:
Overview
MortgageOffice.Com specializes in securing commercial financing solutions. We
are dedicated to providing quality resources to our clients and informing them of their
financing options as they work to navigate through their own real estate finance
decisions.
By melding our client’s financing objectives with our unique grasp of opportunities
in the global financial marketplace, we craft customized solutions that make a financial
difference.
We specialize in commercial finance solutions for transactions ranging from $500,000 to
$50,000,000. Take a moment to review our loan process. The process is designed to give you
fast and responsive advice on, if, how and when your loan request can be funded. With as
little information as our online loan application, our experienced internal underwriting
team can often give you proposed terms for your request within 24 hours. Solutions
The Mortgage Office can identify solutions and execute strategies that will
help our clients make informed, competitive real estate investment decisions allowing them
to maximize their financial returns. MortgageOffice.Com has practical, streamlined
processes and techniques that we follow to ensure financing success for our clients in a
timely and responsive manner.
The visionary solutions we create are adding value for our clients and making quantifiable
differences to their bottom line.
Experience
Our expertise spans all major financial markets providing us with access to
all qualified capital sources. By working in conjunction with national, regional and
community lending entities in addition to major life and real estate companies,
MortgageOffice.Com is able to put its national network to work for you.
Our goal is simple - We “partner” with our client’s to understand their
financing objectives and create innovative ways through transaction management to optimize
their asset in a timely manner.
MortgageOffice.Com was founded on the principles of innovative approaches, national
networks, thorough market knowledge and hard work and have adhered to these principles
steadfastly to this day allowing MortgageOffice.Com to deliver reliable and measurable
results to our financing clients.
The Loan Process
The Our process is designed to prioritize the steps necessary to provide an accurate and
realistic analysis of your loan request in the most efficient possible way.
By providing our underwriters with a few pieces of key information about your deal we are
able to provide you with an QUICK RESPONSE with an outline of proposed terms, often in
less than 24 hours.
The Mortgage Office is a full service commercial mortgage company. Our combination of
market knowledge, proven transaction processes, and vast lending resources provides a
unique market advantage for our clients. Our loan officers are dedicated to working hand
in hand with you, the client, until your request is complete and funded.
MortgageOffice.com works to secure financing for qualified income-producing properties.
MortgageOffice.com provides a quality analysis relating a borrowers needs to the financing
options available in the marketplace today.
- Complete our online loan application (SEE
Above or: Apply here)
- If a loan officer determines your loan request can be met, you will be asked to complete
a one page Executive Summary form and an Income and Expense form.
- Once we receive the necessary forms, our internal underwriters will review your request
and respond with an outline of proposed terms and our fee agreement.
By providing our underwriters with a few pieces of key information about your deal we
are able to provide you with an outline of proposed terms, often in less than 24 hours.
Loan Types
The following section describes the specific projects and property types qualified to
participate in the MortgageOffice.com process. It also describes the loan structures
provided by our National Lender Network.
Simply select a property type below to view the loan products available. If you do not
see the financing type you require, or have a question about the products listed, please contact us.
The descriptions below are intended to familiarize you with some of the more common
financing products available within the market. Actual lender quotes will be transaction
specific and asset dependent. RETAIL, OFFICE, MULTI-FAMILY, INDUSTRIAL, HOTEL/MOTEL,
MOBILE HOME PARK and HARD MONEY.(see below).
Retail
Loan Parameters
| Property Type |
Retail (anchored and unanchored strip centers, single tenant retail) |
| Loan Amount |
$500,000 - $10,000,000 |
| Interest Rate |
Fixed at the comparable Term U.S. Treasury plus competitive spreads
(subject to market change); locked two days before closing; early rate lock also available |
| Loan Term |
5, 7, 10 years; longer terms available on a case-by-case basis |
| Amortization |
Up to 30 years; older properties will receive a maximum amortization of 25
years |
| Maximum LTV |
Refinance: up to 80%; acquisition: the lesser of 80% of loan to purchase
price or 75% of appraised value |
| Minimum DSCR |
1.25 for most commercial property types; appraisal report required; a
summary appraisal format is acceptable |
| Environmental Regulations |
Environmental reports are not required, however, environmental insurance
is required |
| Escrows |
Required for monthly real estate taxes and property insurance; replacement
reserves are underwritten but not collected; tenant improvements and leasing costs are
generally not required but evaluated on a case-by-case basis |
| Non-Recourse |
Except for standard carve-outs |
| Assumable |
Subject to approval and a 1% fee |
| Security |
First Mortgage on fee simple interest |
| Prepayment |
Two year lockout from the time of securitization; defeasance for the
remaining term, with the last six months open to prepayment without penalty |
| Supplemental Financing |
Not permitted |
|
Office
Loan Parameters
| Property Type |
Multi-tenant office |
| Loan Amount |
$500,000 - $10,000,000 |
| Interest Rate |
Fixed at the comparable Term U.S. Treasury plus competitive spreads
(subject to market change); locked two days before closing; early rate lock also available |
| Loan Term |
5, 7, 10 years; longer terms available on a case-by-case basis |
| Amortization |
Up to 30 years; older properties will receive a maximum amortization of 25
years |
| Maximum LTV |
Refinance: up to 80%; acquisition: the lesser of 80% of loan to purchase
price or 75% of appraised value |
| Minimum DSCR |
1.25 for most commercial property types; appraisal report required; a
summary appraisal format is acceptable |
| Environmental Regulations |
Environmental reports are not required, however, environmental insurance
is required |
| Escrows |
Required for monthly real estate taxes and property insurance; replacement
reserves are underwritten but not collected; tenant improvements and leasing costs are
generally not required but evaluated on a case-by-case basis |
| Non-Recourse |
Except for standard carve-outs |
| Assumable |
Subject to approval and a 1% fee |
| Security |
First Mortgage on fee simple interest |
| Prepayment |
Two year lockout from the time of securitization; defeasance for the
remaining term, with the last six months open to prepayment without penalty |
| Supplemental Financing |
Not permitted |
|
Multi-Family
Loan Parameters
| Property Type |
Multi-Family properties with 5 or more units |
| Loan Amount |
$500,000 - $10,000,000 |
| Interest Rate |
Fixed at the comparable Term U.S. Treasury plus competitive spreads
(subject to market change); locked two days before closing; early rate lock also available |
| Loan Term |
5, 7, 10 years; longer terms available on a case-by-case base |
| Amortization |
Up to 30 years; older properties will receive a maximum amortization of 25
years |
| Maximum LTV |
Refinance: up to 85% (with cash out) |
| Acquisition |
80% of loan to purchase price |
| New Construction |
80% of appraised value (completed) |
| Minimum DSCR |
1.2x for most Multi-Family properties |
| Appraisal Report |
Required; a summary appraisal format is acceptable |
| Environmental Regulations |
Environmental reports are not required: however, environmental insurance
is required |
| Escrows |
Required for monthly real estate taxes and property insurance; replacement
reserves are underwritten but not collected; tenant improvements and leasing costs are
generally not required but evaluated on a case-by-case basis |
| Non-Recourse |
Except for standard carve-outs |
| Assumable |
Subject to approval and a 1% fee |
| Security |
First Mortgage on fee simple interest |
| Prepayment |
Two year lockout from the time of securitization; defeasance for the
remaining term, with the last six months open to prepayment without penalty |
| Supplemental Financing |
Will be allowed with approval after 12 months |
|
Industrial
Loan Parameters
| Property Type |
All industrial property types |
| Loan Amount |
$500,000 - $10,000,000 |
| Interest Rate |
Fixed at the comparable Term U.S. Treasury plus competitive spreads
(subject to market change); locked two days before closing; early rate lock also available |
| Loan Term |
5, 7, 10 years; longer terms available on a case-by-case basis |
| Amortization |
Up to 30 years. Older properties will receive a maximum amortization of 25
years |
| Maximum LTV |
Refinance: up to 75% (with cash out); acquisition: 75% of loan to purchase
price |
| Minimum DSCR |
1.3x for industrial/warehouse properties |
| Appraisal Report |
Required; a summary appraisal format is acceptable |
| Environmental Regulations |
Environmental reports are not required, however, environmental insurance
is required |
| Escrows |
Required for monthly real estate taxes and property insurance; replacement
reserves are underwritten but not collected; tenant improvements and leasing costs are
generally not required but evaluated on a case-by-case basis |
| Non-Recourse |
Except for standard carve-outs |
| Assumable |
Subject to approval and a 1% fee |
| Security |
First Mortgage on fee simple interest |
| Prepayment |
Two year lockout from the time of securitization; defeasance for the
remaining term, with the last six months open to prepayment without penalty |
| Supplemental Financing |
Not permitted |
|
Hotel and Motel
Loan Parameters
| Property Type |
All hotel and motel property types |
| Loan Amount |
$1,000,000 - $15,000,000 |
| Interest Rate |
Fixed at the comparable Term U.S. Treasury plus competitive spreads
(subject to market change); locked two days before closing; early rate lock also available |
| Loan Term |
5, 7, 10 years; longer terms available on a case-by-case base |
| Amortization |
Up to 30 years; older properties will receive a maximum amortization of 25
years |
| Maximum LTV |
Refinance; up to 75% (with cash out) |
| Acquisition |
85% of loan to purchase price up to $5,000,000 |
| New Construction |
(please contact us) |
| Minimum DSCR |
1.4x for most hotel and motel properties |
| Appraisal Report |
required; a summary appraisal format is acceptable |
| Environmental Regulations |
Environmental reports are not required, however, environmental insurance
is required |
| Escrows |
Required for monthly real estate taxes and property insurance; replacement
reserves are underwritten but not collected; tenant improvements and leasing costs are
generally not required but evaluated on a case-by-case basis |
| Non-Recourse |
Except for standard carve-outs; can be recourse under $5,000,000 |
| Assumable |
Subject to approval and a 1% fee |
| Security |
First mortgage on fee simple interest |
| Prepayment |
Two year lockout from the time of securitization; defeasance for the
remaining term, with the last six months open to prepayment without penalty |
| Supplemental Financing |
Not permitted |
|
Mobil Home Park
Loan Parameters
| Property Type |
All Mobile Home Park property types |
| Loan Amount |
$1,000,000 - $10,000,000 |
| Interest Rate |
Fixed at the comparable Term U.S. Treasury plus competitive spreads
(subject to market change); locked two days before closing; early rate lock also available |
| Loan Term |
5, 7, 10 years; longer terms available on a case-by-case base |
| Amortization |
Up to 30 years; older properties will receive a maximum amortization of 25
years |
| Maximum LTV |
Refinance: up to 80% (with cash out) |
| Acquisition |
80% of loan to purchase price up to $5,000,000 |
| Minimum DSCR |
1.2x for most mobile home park properties; appraisal report required; a
summary appraisal format is acceptable |
| Environmental Regulations |
Environmental reports are not required, however, environmental insurance
is required |
| Escrows |
Required for monthly real estate taxes and property insurance; replacement
reserves are underwritten but not collected; tenant improvements and leasing costs are
generally not required but evaluated on a case-by-case basis |
| Non-Recourse |
Except for standard carve-outs; can be recourse under $5,000,000 |
| Assumable |
Subject to approval and a 1% fee |
| Security |
First Mortgage on fee simple interest |
| Prepayment |
Two year lockout from the time of securitization; defeasance for the
remaining term, with the last six months open to prepayment without penalty |
| Supplemental Financing |
Not permitted |
|
Hard Money
Loan Parameters
| Property Type |
All income producing property types |
| Loan Amount |
$200,000 - $5,000,000 |
| Interest Rate |
12% to 16% |
| Loan Term |
1 year to 15 years |
| Amortization |
Interest only, some may amortize over 15 years |
| Maximum LTV |
65% to 70% of the (quick sale value) |
| Origination Fee |
Starting at 5% of loan amount |
| Recourse |
Full recourse |
| Security |
First mortgage on fee simple interest |
| Prepayment |
Negotiable |
| Supplemental Financing |
Permitted |
|
APPLY Today, please Click on the Link (below):
Commercial
APPLICATION
| |
100% home loans, no
down mortgage loans, zero down financing, no down payment, Down payment assistance,
countrywide,100%, 90% investment property, NOO, Online application, 100% owner
occupied primary residence mortgage loans, loanweb, ditech, pre-qualify,
lending tree, eloan, e-loan, quickenloans, quicken home loans, e-loan, 95-97% refinance,
refi, real estate, chase, ameriquest, lendingtree, jp morgan chase, h&r
block, bank loan, CA, AZ,CO, CT,HI,ID,IL, IA, KS, MA, MD, MN, MO, MS, NC, NE, NJ,
NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, WA, VA, WI, FNMA, Fannie Mae,
FreddieMac, FHA, VA, FHA Secure
|
Mortgage
Home Loan Investment Center 1