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Updated about 3 years ago on .
30 Years Fixed Commercial Alternative Loans ARE Available...
30 Years Fixed Commercial Alternative Loans ARE Available...
Yes, we have 30 years fixed for multi-family deals above $1 Million…with great rates! WE ALSO HAVE 30 YEARS FIXED for the other main commercial types-retail, office, light industrial, mobile home parks, etc. No special use properties like hotels or gas stations. This is on the Alt-A product that I have talked about before…this product is a great product for deals that just miss conventional but are too good to go bridge. IT IS AVAILABLE UP TO 80% LTV! This hybrid loan allows long term fixed rates with longer 30-year amortizations, it is IDEAL for such loans as the following:
- SBA Fallout
- Refinancing out of high-cost bridge debt
- Borrowers who can’t document income on tax returns (NO DOC PROGRAM)
- Out-of-state investors/inexperienced investors
- No seasoning on the title
- Large cash out requests
And much more. This product is HOT and available as low as $200,000 and as high as $5 Million. WITH 30 YEAR FIXED RATES at UP TO 80% LTV….it can help get a lot more deals to the closing table.
So if you or anyone you know is struggling to get deals done…give us a call. We have the products and expertise to get these deals closed. Give us a call at 512-358-1511 or click here to Get Started.
Karen Schimpf
(512) 358-1511
karen at applycommercialloans.com
Give me a CALL TODAY at 512-358-1511 or get started by filling out this form!
P.S. We are the place to go for the 30-year fixed loan. Up to 80% LTV, just a 1.15 DSCR is needed, and the longer 30-year amortization makes the payment more affordable than many 5-year balloons with 20-year amortizations. We reduced documentation possible and all the cash out advantages, this program can really be a value to both owner users and investor deals. It costs nothing to call and get pre-qualified and see if it is right for you. Give us a call at 512-358-1511 or click here to Get Started.