Expedient funding for ALL of your capital needs with CableCo
At CableCo, we make your project our number one priority. No matter your project or your experience level, we want to help you build your wealth through commercial real estate acquisition.
We are commercial asset-based lenders
We have closed every conceivable type of loan – residential rental, rental portfolio, new construction, commercial acquisition, commercial refinance, residential fix & flip, hospitality properties, blanket loans, refinance with value-add rehab – if you have a unique project we provide the absolute highest leverage, and largest private fund coverage, for your specific needs.Check out our programs:
1) Commercial Acquisition / Refinance
Loans from $250K - $2MM
Up to 80% LTV5/1 or 7/1 ARM / 20, 25, 30 yr Amortization
Requirements: 90 Days Rent Stabilized to 75% Occupancy
Ability to substantiate rents received for 90 days
FICO 680+: Rates from 6-8%, FICO 600-679: 9%+ (Loan Amount capping at $1MM)
DSCR: 1.2 or greater
2-week accelerated closing program, or in 30 days.
2) Commercial Bridge
Loans from $1MM - $10MM
Up to 65% LTV, up to 50% LTV NO DOC
Rates: 8-12.99%
6-24 months Term
Asset Based
Requirements: Full Doc Underwriting for 65% LTV
No minimum FICO
As fast as 7 days to close
3) Commercial Value-Add Bridge
Loans from $1MM - $25MM
Up to 65% LTV, 80% LTC with Rehab
12-24 months Term
Value Add with Rehab Functions Similarly to Fix N Flip lending - rehab disbursed in draws
Requirements: Full Doc Underwriting
640 Minimum FICO
Scope of Work needs Contractor Bids
30-45 days closing
4) Fix N Flip - Residential Loans
From $250K-$2MM
90% Purchase/100% Rehab
8.5-12.0%
12 months Term
Rehab disbursed in draws, First Draw disbursed at Closing
Requirements: Property Underwriting
640 Minimum FICO
Corporate Docs, Scope of Work
No bank statements required
No sourcing or seasoning of down payment
Contact Miles Sisk for details and quotes.
[email protected]
971 350-9081
www.cableco.capital