ALTERNATIVE COMMERCIAL LOANS
Property Types
Single Tenant, Retail Strip, Office, Multi Family, Self Storage
Benefits:
-Up to 30 Years
-Often At Bank Rates
-Interest Only Options
-Fixed Terms or 15 Year Fixed
-Capped Prepayment Penalties
RATIONALE FOR THIS LOAN TYPE
- Low Reported Income on Personal Tax Returns
- Less Credit Sensitive
- Quicker Closings
- Less Paperwork and Red Tape
- Non Performing Income Producing Property
- Need Higher Loan to Value Than is Available on other Loan Products
- Single Purpose and or Single Tenant Property
- Not a mainstream Property Type
- No Desire for SBA
- Does not Qualfiy for SBA
- Little or No On-Going Bank Supervision (Reporting)
-Credit Issues with business or guarantor
