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We now offer commercial and hard money loans in 50 states -------------------------------------------------------------------------- Business Credit The Truth 2 Week Closings - Apply for a Hard Money Loan Loan Size From $1,000,000 on the West Coast and $

Overview

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Ad number:#574146499
Contact:Mark Felipe
City:Chicago
Zip:60622
Price:$0

Description

We now offer commercial and hard money loans in 50 states

--------------------------------------------------------------------------

Business Credit The Truth

2 Week Closings - Apply for a Hard Money Loan

Loan Size

From $1,000,000 on the West Coast and $5,000,000 in other areas.

.Location

Urban and suburban US properties. Major metropolitan areas only.

.Collateral

Improved income producing commercial properties. At this time we ARE NOT lending on  residential real estate. (no raw land or construction/development projects)

 

.Rates

From 9.99% - and 4 points.

.Terms

1-3 years, interest only, no prepayment penalty

.Max LTV

65% LTV*

Purchase: Value is actual purchase price of the real estate* If borrower has down 30+% in cash, 

 

we'll "stretch" the LTV max

Refinance: Value is Our opinion of the appraised value of real estate for refinances. We have our 

own review appraiser and principle travel to visit each property.

.Creative/Flexible

Blanket loans; points and fees wrapped into the loan; multiple income sources considered.

.Due Diligence

A deposit of about $5 - $6k is required before due diligence process is begun and is credited 

against the third party costs of underwriting: fair market value evaluation fee, inspections, site 

 

visit, legal costs, escrow, etc.

.Down Payment

The fee is due upon signing of the Letter of Intent and Term Sheet and cannot be wrapped into 

 

closing costs.

.Flexible Commercial Fully Amortized Loans

 

45 Day Closings - Apply for a Commerical Loan

Loan Size

$500,000 - $8,000,000

.Location

Urban and suburban US properties

.Collateral

Improved commercial. No: raw/improved land, construction, gas stations, car washes, or other 

environmentally risky properties. We are not lending on single family.

.Rates

Declining Prepayment penalty; 20 to 25 year terms, 20-25 yr amortization.

5 Year fixed from 6.5%

10 Year fix from 8%

 

.Max LTV

Up to 65% LTV, depending on the loan scenario

Based on FIRREA compliant appraisal within past 6 months

.Credit Score

FICO > 650, with no bankruptcy in past 10 yrs.

.Due Diligence

A deposit of about $5 - $6k is required before due diligence process is begun and is credited 

against the third party costs of underwriting: fair marketvalue evaluation fee, inspections, site 

visit, legal costs, escrow, etc.

.Down Payment

The fee is due upon signing of the Letter of Intent and Term Sheet and cannot be wrapped into closing costs.

We can be ready to fund in 2 to 6 weeks after receipt of these signed documents and due diligence  down payment.

.Management

Owner occupied: Borrower must have experience in the business

Investors: Must have experience in owning/managing similar property

.Blanket Loans available

 

https://www.cubloan.com

 

MARK J.FELIPE

CUBLOAN Group

Funding Specialist

info@cubloan.com

(562) 334-2922

Please Visit Our Site: https://www.cubloan.com

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