COMMERCIAL
COMMERCIAL MORTGAGES
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
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
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
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
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
$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