We Value Your Partnership (952) 240-2160
"Our Mission"
To provide the finest Commercial Real Estate Mortgage Brokerage Service available, based on the highest standard of ethics, values and client care. In doing so, we will earn the loyalty and trust of our "Business Partners" who will become our lifelong clients and friends because we always place their interest ahead of our own.
We Are The Optimum Source for Commercial Real Estate Loans For Investors, Purchasers and Refinances!
Commercial Mortgages - Conforming
Thes loans offer high LTV's and competitive rates, but require:
- Full documentation (personal and business taxes and financials)
- Downpayments range from 10 to 25%
- Property requires Debt Service Coverage of 1.20 or greater
- Sound credit and experience
- Most loan programs are fixed for 3, 5,10 yrs and adjust after a fixed rate period
- Most transactions take from 30 to 45 days to close
- Seller Carry-back second mortgages allowed
- Up front fees for appraisal and legal work or to lock rate
- 30 Year Fixed Rate mortgages available
- Ability to prepay up to 20% of principal each year on some programs
Stated Mortgages
This program is designed for speed so the paperwork is minimized and the closing process is expedited.
- Typically no personal financial statements or tax returns
- A Borrower must have two years of operational history
- Minimum average FICO scores of at least 640 for refinances
- Property requires Debt Service Coverage of 1.20 or greater
- Seller Carry-back second mortgages allowed
- Fixed and Variable Rate Options
Hard Money Mortgages
We have created financial relationships with numerous private investors who specialize in funding private money loans. Our company also provides bridge loans for non-conforming,commercial real estate projects.
They:
- Fund loans that banks won't touch
- Act fast, quick turn-around
- Are ready to look at special situations
- Look primarily at equity
- Lower LTV's
- Do not care much about credit and income
- Have cash available to fund at high but very competitive rates