Loan Amounts $200,000 $3,000,000
All Loans Require Personal Guarantees (Loans to Entities are Acceptable)
45-60 Day Turn Time
Eligible Property Types:
Multi-Family (5 Units and Up, 6 in New Jersey)
Mixed Use
Office
Retail and Light Industrial
Self Storage
Mobile Home Parks
Owner Occupied Mixed Use, Office Retail & Multifamily
Ineligible Properties under this program:
Gas Stations/automotive, hotels/motels, bed & breakfasts,
Homes/Assisted Living,
Religious Institutions,
Schools,
Dry Cleaners,
Funeral Homes, construction, stand alone restaurants and Adult Entertainment
Terms
Amortizations - Up to 30 Years on all listed Fixed Periods except 15 Year
Fixed Periods - 2 YR, 3 YR, 5 YR, 7 Yr, 10 Yr, 15 Yr (Balloon), 30 Yr
Rate Adjustment Caps - 1 & 6 over the life of loan
Index - 6 Month Libor
Closing Costs
$4,800 or .50% of the Mortgage Amount Not Exceeding $9,800
(Does not include Title Insurance, Title Searches, Title Endorsements, Recording Fees, Origination Fee) This Price Quote Assumes a single Parcel
Every transaction is specific and needs individual research and attention to
secure the best Commercial Loan.
