Tuesday, July 24, 2007

Non-Recourse Commercial Financing

Property types: Apartment complexes, Self-storage facilities, Shopping centers, Mobile home parks

Loan Proceeds: Acquisition, Refinance, Cash-out

Recourse / Personal Guarantees: None

Size: Greater than $1,000,000.00

Fast Close: 45-60 days

Debt Service Coverage: 1.25%

LTV: 75% - 80%

Term: 25 - 30 years

Interest: Fixed Rate @ 6.0 - 7.5%

The appearance is not a factor for approval. However, the property MUST be cash flowing. Local and regional banks can NOT match these terms.

Non-Recourse Commercial Financing

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