COMMERCIAL

COMMERCIAL MORTGAGES

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APARTMENT BUILDINGS

OFFICE 

HOTEL / MOTEL

MEDICAL FACILITIES

  WAREHOUSES

INDUSTRIAL

SHOPPING CENTERS / MALLS

CONDO PROJECTS

MIXED USE

RV / MOBILE HOME PARKS

SELF-STORAGE

UNDERLYING CO-OPS

SUBDIVISION CONDO CONSTRUCTION

ASSOCIATION FINANCING


COMMERCIAL MORTGAGES TYPES

PURCHASE, REFINANCE 

CASH OUT REFINANCE 

SECOND MORTGAGES CONSTRUCTION BRIDGE LOANS, MEZZANINE 

SBA LOANS 

NO INCOME VERIFICATION

STATED INCOME REHAB 

NO CREDIT REPORT LOANS

 FIXED, ADJUSTABLE

 INTEREST ONLY, FIX-N-FLIP FIX-N-RENT

COMMERCIAL PROPERTY TYPES

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MULTI-FAMILY, APARTMENT BUILDINGS, MIXED USE

OFFICE BUILDINGS

INDUSTRIAL, WAREHOUSES SHOPPING CENTERS, MALLS 

RETAIL STORES, RESTAURANTS 

GAS STATIONS, MANUFACTURING CONDOMINIUMS

ASSOCIATION FINANCING

 CO-OP UNDERLYING MORTGAGES MARINAS 

HOSPITALS – MEDICAL FACILITIES ASSISTED LIVING FACILITIES

 NURSING HOMES

 AUTO REPAIR/AUTO BODY SHOPS CAR WASH

 CHURCHES, TEMPLES, SYNAGOGUES DAY CARE CENTERS

CONSTRUCTION and LAND LOANS

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DEVELOPERS

BUILDERS

BUILDER SPEC LOANS

UP TO $100,000,000 

1-4 FAMILY

CONDOS

APARTMENTS

OFFICE BUILDINGS 

SHOPPING CENTERS

SCHOOLS 

RETAIL

RESTAURANTS LAND and LOT/LAND DEVELOPMENT COMPETITIVE TERMS UP TO 3 YEARS  UP T0 75% LTV

INTEREST ONLY PAYMENTS

LESS THEN PERFECT CREDIT, OK

SBA 504 LOAN PROGRAM

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Key features of this program include:

Typical project structures of 

50% LTV Conventional 1st Deed of Trust/Mortgage

30 – 40% SBA/CDC 2nd Deed of Trust/Mortgage (depending on property type)

10 – 25% equity injection (depending on property type)

A maximum loan amount of

$5,000,000 1st Deed of Trust/Mortgage

$1,500,000 2nd Deed of Trust/Mortgage when meeting the job creation criteria or a community development goal

$2,000,000 2nd Deed of Trust/Mortgage when meeting a public policy goal

$5,000,000 2nd Deed of Trust/Mortgage for small manufacturers

  * Up to $6,000,000 of aggregate financing

Maturity and Amortization up to 25 years for conventional 1st Deed of Trust/Mortgage, up to 120 day term with interest only payments for the Interim Note and up to 20 years for the CDC/SBA 2nd Deed of Trust/Mortgage

Maximum LTV Multi-Use of up to 90% (50% Conventional 1st/40% CDC/SBA 2nd / 10% equity injection

Limited or special purpose real estate up to 85% LTV (50% Conventional 1st/35% CDC/SBA 2nd/15% equity injection)



SBA 7 (a) LOAN PROGRAM

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If you’re looking for a Small Business Administration loan to buy or refinance commercial real estate the popular SBA 7(a) loan could be for you. In conjunction with a commercial real estate loan request, using funds for working capital, machinery and equipment and furniture and fixtures may be considered by LCC. You’ll need a 1st Deed of Trust/Mortgage on commercial real estate and to meet SBA qualifications such as having a maximum Loan to Value of 90% depending on your property type.

  

Key features of this program include:

A typical project structure of 75 – 90% LTV and 10 – 25% equity injection

A maximum loan amount of $2,000,000

Maturity and Amortization up to 25 years for real estate, 10 years for business acquisition, between 7 to 10 years for debt refinancing and up to 7 years for permanent working capital (blended maturity and amortization will be applied depending on final structure as determined by SBA guidelines)

Maximum LTV Multi-Use of up to 90%

Limited or special purpose real estate up to 80% LTV 


CHURCH FINANCING

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$100,000-$5,000,000 

20-25 Year Term, amortized

UP TO 75% LTV

ARM'S 5/1, 7/1

No prepayment penalty

Available in ALL 50 States

Purposes include…

* Purchase 

* Refinance    

* New Construction

* Remodeling

* Building Addition

* Improvements

* Sanctuary

* School New Furnishings 

* Church Day Care

Church “After School” Buildings