Bankket Loans for Apartments

[Karen Schimpf]

Blanket Loans

	Guarantors	Non - Guarantors
Minimum Units	5 properties	5 properties
Loan Size	$500K - $5MM	$3MM - $50MM
Term	5, 10 and 30 Years	5, 10 and 30 Years
Amortization	Up to 30 Years	Up to 30 Years
LTV	Up to 75%	Up to 75%
Leased Up %	90%+	90%+
Seasoned Cost Basis (acquisition plus verifiable rehab costs)	3 months less 75% CB 4-6 months 80% CB 7–12 months 90% CB 12 months+ up to 75%LTV	3 months less 75% CB 4-6 months 80% CB 7–12 months 90% CB 12 months+ up to 75%LTV
LLC Entities	Required	Required

• Types of Transactions are Purchase, refinance and cash out
• Types of Properties: condos, single family residence, duplexes, apartments
• Location of the properties can be spread out between different states
• Loan to value goes up to 75% LTV.
• Minimum loan amounts are $150,000, $500,000, $50MM.
• Minimums: value is $50K and 750 sq ft. for the $150,000 Loan Program
• The $150,000 minimum loan program does not allow any multifamily
• The $500,000+ program allows multifamily in the program.
• Non Recourse is allowed on loan amounts around $3MM+
• Minimum Number of Units is 5
• Must be leased up 90%
• Terms are 5, 10 year balloon and 30 year.

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Wishing You the Best,
Karen Schimpf
Commercial Capital, Ltd.
p: 512-650-8630
c: 512-354-5949
e: KarenSchimpf at gmail.com
www.linkedin.com/in/karenschimpf/
blog: http://bizloansconnections.com/
Website: http://ApplyCommercialLoans.com

P.S. When the Bank Says No, Come to Me to Get Your Deal Closed. I specialize in SBA and Alternative Commercial Loans. I help entrepreneurs attain financing for their business or project. I BRING MONEY FROM AROUND THE COUNTRY TO LOCAL MARKETPLACES INSURING THE MOST LIKELIHOOD OF CLOSING. The key is placing the borrower with the lender that most suits that borrower's strengths. I do it better than anyone. Give me a call today at O:512-650-8630 or C:512-354-5949 to get your loan closed.