Loan Types

Balloon Mortgages

Fix & Flip Loans

Fix and flip is really a slang term to describe a type of real estate investment deal. The fix part is where a real estate investor purchases an undesirable single family home below market value and does some repairs to the property in order to make it more appealing. The idea is to significantly increase the market value of the property with the minimal expense possible so that the home can be resold for profit.

Typical repairs done are: adding bedrooms as needed, putting in a new kitchen, finishing a basement, replacing a roof or doing anything required to make a home have more curb appeal to buyers and of course, more valuable than when they started. It is part science and part art to know what repairs to do and how much to spend doing them.

The flip part refers to getting the property listed for sale in a short period of time and then locating a new person that will buy the home to live in it or rent it. This new buyer gets a loan and pays for the property. When the closing happens with the new buyer then the real estate investor, assuming they did the deal right, makes a profit.

Fix and flip investing has been around for quite some time, but it has become much more popular with the advent of TV shows such as Flip This House and Flip That House among others on cable stations.

If you are interested in becoming an investor who does fix and flips, then you have come to the right place! Read on to discover how you can get the money you need to flip properties regardless of your credit, job history or income.

Bridge Loans

Bridge Loans

Short term mortgage financing that is in place between the termination of one loan and the beginning of another loan. Also, a form of interim loan, generally made between a short term loan and a permanent (long term) loan, when the borrower needs to have more time before taking the long term financing. Commonly used for construction or rehab. Rates are higher than a conventional loan because financing is short term.

The program is designed to provide the flexibility of a structured loan while offering the ability to eventually lock into the most favorable permanent financing that exists for individual business needs. We specialize in loans of $100,000 to $100 million that are designed to solve problems for business with special needs and circumstances.

  • Conventional Lending (Bridge Loans) from 6.50% to 7.50% at 1 pt
  • Asset Based Lending (Bridge Loans) from 8.99% to 12% at 2 to 4 pts
  • One Week Closing (2 to 24 Hour Turnaround)
  • Up to 100% LTV (with Additional Collateral)
  • Equity Participation Structured Financing
  • Interest Only Payments
  • Loan Terms From 6 to 36 Months

We have a long list of quality lenders nationwide, each specializing in different areas suited for their expertise including securities, commercial real estate, accounts receivables, factoring, equipment used in your business and many others.

We offer loans for any type of real estate situation where a quick closing is needed. With just 24-hour turn-around times, you can get the money you need fast. With the right bridge loan provided you can have the cash you need by tomorrow. Apply online today to get the loan process started. If you have any questions about the bridge loans, please feel free to contact us today.

Commercial Mortgage Refinance

Commercial Mortgage Refinance

Commercial Mortgage Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under different terms. Refinancing is done to allow a borrower to obtain a different, and even better interest term and rate. The terms and conditions of loan refinancing may vary widely by state, based on several economic factors such as, inherent risk, projected risk, regulations, and borrower's credit worthiness.

Some good reasons to refinance:

  • A Lower Monthly Payment.
  • Avoid Balloon Payments.
  • Leave adjustable-rate mortgages and refinance into fixed-rate loans.

It is possible to procure refinancing that would capture significantly lower interest rates. Even a reduction of 0.5 percent can greatly affect the monthly payment and amount of interest paid over the long-term. Lowering the company's repayment obligation can yield many positive benefits. Today, refinancing can be achieved with the originator of the loan or with other, outside lenders.

Most businesses in the US must seriously consider their cash positions and their ability to grow. If an enterprise has demand and has growth potential, the equity in their property can be a useful resource to spur said growth.

The following property-types can be refinanced using commercial property mortgages:

  • Retail centers
  • Churches
  • Mixed-use
  • Farms
  • Factories
  • Office buildings
  • Investment properties
  • Retail premises
  • Hotels, guest houses
  • Takeaways and cafes
  • Holiday Properties
  • Bars & restaurants
  • Medical
  • Special purpose and most commercial real estate assets.

Commercial mortgage refinance is one of the main services offered by us.

We offer a wide range of financial loan products to assist you refinance your existing commercial real estate loans.

  • Fixed Rate Mortgage
  • Adjustable Rate Mortgage
  • Balloon Mortgage
  • Interest Only Mortgage
  • Mortgage Glossary
  • Real Estate Glossary

Financing Programs

  • Hard Money Loans
  • Account Reciv Factoring
  • Apartment Loans
  • Bridge Loans
  • Commercial Real Estate Loans
  • SBA Loans
  • Construction Financing
  • Office Buildings
  • Equipment Financing
  • FHA Commercial Loans
  • Working Capital Loans
  • USDA Commercial Loans
  • Commercial Mortgage Refinance
  • Conventional Loans

Commercial Mortgage Loans

Commercial Mortgage Loans

A commercial mortgage is a mortgage loan granted to different type of businesses secured by commercial property. Commercial loans are available for both owner-occupied and investor properties, including office building, shopping center, industrial warehouse, or apartment complex. Borrowers can have up to 90% commercial financing and unlimited cash out options. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.

When getting a commercial mortgage consider nonrecourse vs. recourse loan. Nonrecourse commercial mortgage can become very beneficial in certain situations. Such as in the event of default with a nonrecourse loan, the bank can only take back the property. If you still owe more money than the property is worth, you will not have to pay any more. There are many different types of commercial loans available for you.

Here are some of the various kinds and what they are used for:

  • Fixed Rate Mortgage (FRM)
  • Adjustable Rate Mortgage (ARM)
  • Balloon Mortgage
  • Interest Only Mortgage

USDA Commercial Loans

USDA Commercial Loans

The USDA Business and Industry (B&I) Guaranteed Loan Program helps rural businesses to expand and improve by providing financial backing. This program provides guarantees by US Department of Agriculture of up to 90 percent of a loan made by the bank. Loan proceeds may be used to create jobs, improve environment and economic conditions, purchase machinery and equipment, buildings and real estate, and certain types of debt refinancing.

Eligibility

Generally these loans are available to anyone who is United States (U.S.) citizen or reside in the U.S. after being legally admitted for permanent residence and meets minimum credit guidelines and local area income requirements.

Borrower must also contribute towards betterment of the rural community by providing employment, improving economic and environmental climate, or Reduce reliance on nonrenewable energy resources by encouraging the development and construction of solar energy systems and other renewable energy systems.

Loan Amount
The total amount of Agency loans to an individual borrower must not go above $10 million. But under special circumstances loan limit can go up to $25 million, or even up to $40 million, for rural cooperative organizations that process value-added agricultural commodities.

Usage
Funds can be used in any area contained in the USDA regulations. For example funds can be used for business and industrial acquisitions to prevent the loss of employment opportunities, or provide expanded job opportunities. Borrowers can use the funds to purchase land, buildings, equipment, leasehold improvements, machinery, supplies, or business inventory.

Working Capital Loans

Working Capital Loans

Working capital loans are ideal for those business operators who are unable to generate the revenue needed to meet expenses incurred by day-to-day business operations. But even if you are expanding or improving your current business, investing in advertising, purchasing inventory or want to pay taxes or outstanding debt, the working capital loan can help you a lot.

With our Working Capital Loans, we've helped thousands of businesses. Our Working Capital Loan is an unsecured debt, requiring no collateral for amounts under $725,000 - unlike traditional bank loans.

 

 

Some of the key benefits offered by our working capital loans:

  • Easy approval process, simple and straight forward paperwork
  • No restrictions on how you use the cash
  • Business owners with bad credit and poor FICO scores can apply too
  • Renewable working capital options
  • Immediate cash injection
  • No hidden fees or long-term commitment

FHA Commercial Loans

FHA (Federal Housing Administration) Commercial Loans are government sponsored loans that are offered by financial lenders and guaranteed by the FHA or Federal Housing Authority. FHA commercial loans are available for buyers with limited cash or credit problems. With an FHA loan, the financial risk to the loan is assumed by the FHA, not the borrower or the lender. Plus, the borrower only needs to put down a minimal amount of money and someone other than the borrower can pay the closing cost.
Some of the key features of FHA Loans are:
  • Easier to Qualify - Because FHA insures your mortgage, lenders are more willing to lend with lower qualifying requirements, this makes borrowing easier.
  • Save Money on Down Payment - Financing is available with only 3.5% down.
  • Less than Perfect Credit - FHA has a more open-minded approach towards past credit problems.
  • Less cash needed - FHA has a minimal 3.5% down payment, this money can come from a family member, employer or charitable organization.
  • Lower monthly payments - Since a FHA Mortgage is federally insured, the rate may be lower than a conventional mortgage.
When applying for an FHA loan, the borrower must provide the following:
  • Two-Year income and employment history with an explanation of gaps between jobs that span more than a 30-day period.
  • A self-employed borrower must provide full tax return information for the last two years.
  • A salaried borrower must provide the W-2's from the past two years.
  • Current pay stub (or stubs) collected within the last 30 days showing a full 30 day work history and indicating the total earning year to date.
FHA Apartment Loans
  • FHA 221(d)(4) New Construction or Substantial Rehabilitation for Apartments
  • FHA 223(f) Refinance or Acquisition for Apartments
  • FHA 223(f) Refinance, acquisition or moderate renovation of existing Section 202 projects
  • FHA 223(a)(7) Refinance of an Existing FHA Insured Multifamily or Healthcare Mortgage
  • FHA LEAN 232 Pursuant to 223(f) Healthcare Acquisition and Refinancing
  • FHA LEAN 232 New Construction or Substantial Rehabilitation for Healthcare Properties
  • FHA 242 Construction, Rehab, Modernization or Expansion for Hospital and Acute Care Facilities
  • FHA 207 Manufactured Housing Community Properties
  • FHA 241(a) Insurance for Supplemental Loans

Office Buildings

We offer commercial loan programs to suit nearly every borrower, traditional office building or and any modern office facility. We have very creative and custom loans for Office Buildings to fit your investment needs. Whether you need to refinance a $10,000,000 loan or need financing for an acquisition of a $25,000,000 Commercial Office Building, we are experienced at providing and structuring your Loan. We understand the special financing needs of Office buildings. That is why our professional staff is prepared to provide knowledgeable, and courteous help to fund your loan. Our commercial loan programs are quick financial solutions for commercial property owners and investors. These loans are generally for higher quality real estate and lower leverage. Minimum thresholds for these loans are now $1 million. Rates continue to be historically low.\ Qualifying types of Office properties include:
  • Medical Facilities
  • Suburban and urban office buildings,
  • Professional and medical office buildings
  • Single tenant office properties with long term leases located in strong
  • Research parks & High-Tech parks
Non-specific details of the new order Conduit Programs include:
  • 70% - 80% Loan to Value
  • 1.25 Debt Service Coverage
  • Good Occupancy
  • Rates in the low +/- 5% range

Equipment Financing

Buying equipments becomes urgent as businesses strive to move forward. we understand the difficulty people run into when need for additional equipment becomes urgent. Purchasing new and expensive equipment for your business can be a daunting task. No business can exist without proper equipment. If you prefer to own your equipment, our loan programs have flexible structures. Organizations can buy new equipments on lease terms after finding the required money for expanding their company. This financing solution helps entrepreneurs find the required equipment for their business or enterprise.

Cash flow is the blood line for any business. We are the experts at delivering equipment finance solutions exceeding the needs of our customers through our industry knowledge, tailored products and services, and financial strength.

Our specialties include:

  • All Types of Equipment Financing
  • Non-Rated Credits
  • Variety of End-of-Lease Options
  • Simple Financing Application

We provide equipment financing for:

  • Capital Markets
  • Construction
  • Diversified Industries
  • Franchise Finance
  • Healthcare
  • Homecare
  • Agriculture
  • Manufacturing
  • Specialty Markets