Commercial Loans

Stimulus package...
May 6th, 2008 12:52 PM

Small Business Owners and Investors

across the country are strapped for cash

 

How’s this for a stimulus package…

 

Small Balance Commercial Real Estate Financing

 

Provides Small Business Owners and Investors with access to the equity

in their commercial and multi-family real estate

 

Purchase – Refinance - Equity

Fixed and adjustable rate loans, amortized up to 30 years

Commercial equity line of credit with interest-only payment option

$50,000 to $500,000

 

Rates as low as 5.77%*

 

 

·        Easy streamlined application process

·        No application fee

·        No appraisal fee

·        No title or escrow fees on equity and refi transactions

·        1% loan origination fee – WAIVED FOR A LIMITED TIME** on loans and lines of credit from $250,000 - $500,000

 

Posted by Karl Niederer on May 6th, 2008 12:52 PMPost a Comment (1)

New commercial lender - highlights & programs
January 9th, 2008 12:09 PM
Commercial Wholesale Division is an equal housing lender, federally chartered Thrift and Loan, Member FDIC and a Direct Lender of real estate first mortgages in all 50 states and DC since 1990. CFSB is the second most profitable Thrift and Loan in the nation which in today's uncertain mortgage market is truly unique and means we are here to stay and not financially struggling like many of our competitors. We invite you to contact us with your loan scenario.

Apartments 5+ Units to $20 million. Portfolio Program allows 1-4 units as long as they are next door to each other adding up to minimum of 5+ units and apartment complexes No appraisal or third party cost option, to 80% LTV with 1.15+ DSCR, supplemental seconds after closing to take advantage of appreciated value. No Third Party Cost Option with Add On to Rate.

Mobile Home Parks to $20 million with 15+ pads with paved driveways. To 80% LTV with 1.15+ DSCR. No Third Party Cost Option with Add On to Rate.

Mixed Use to $20 million with apartment 5+ units and commercial or retail. To 80% LTV with 1.15+ DSCR. No Third Party Cost Option with Add On to Rate.

Small Business Administration (SBA) $250K to $2,500,000. Borrower must occupy 51% or more of property.
Part-Time Farm/Residential Unlimited Acreage to $3 million, primary or second home. No population restrictions. To 90% LTV. Hi LTV's require 680+ mid score. Fannie Mae credit guidelines.
Rural Residential Home Loans Unlimited Acreage, owner-occupied single family first mortgage loans to $417,000 including property. $247,184 maximum dwelling value. 2,500 or less population, to 97% LTV, Fannie Mae credit guidelines. Check population in city by going to www.census.com
Posted by Karl Niederer on January 9th, 2008 12:09 PMPost a Comment (0)

Commercial Real Estate Lending Guidlines
December 28th, 2007 9:43 AM

Dedicated to service. Committed to Close.

Commercial Real Estate Lending Guidelines*

Loan Amounts: Stated: $100,000 - $5,000,000

Full Doc: $100,000 - $10,000,000

Loan Purpose: Purchases and Refinances. Cash-out refinancing with no limit on cash out.

Initial Fixed Rate: 3, 5, 7,10 and 30 year options available

Term: 30 Years

Amortization: All loans fully amortized up to 30 years

Loan-to-Value: Up to 80% / CLTV’s up to 90% with subordinate debt.

(Class I – 80% LTV, Class II – 75% LTV, Class III – 70% LTV)

Debt Coverage Ratio: Minimum: 1.20

-Need a “DCR Buster”? – ask about our discretionary income program.

-No DCR requirements on Owner-user properties with loan amounts up to $600,000!

Prepayment Penalty: Interest Guarantee matching initial fixed period (Buy-downs/ Buy-outs available)

Quick Close: 30 – 45 Days!

Properties:

· Class I: Multifamily (5+ Units) & Mixed-Use

· Class II: Office, Retail, Warehouses, Self-storage, & Mobile Home Park’s

· Class III: Light Industrial, Automotive, & Special Purpose (Restaurant & Hotel/Motel)

 

Why Axis Real Estate, Inc.?

· No Loan committees – Streamlined approval process

· No lender is more dedicated to service or more committed to close.

Call today!

Karl Niederer

858-503-0113

Posted by Karl Niederer on December 28th, 2007 9:43 AMPost a Comment (1)

Own, invest in or refinance commercial real estate with a great commercial mortgage.
December 27th, 2007 10:07 AM


Karl Niederer
Axis Real Estate, Inc.
5380 Clairemont Mesa Blvd. #204
San Diego, CA
Phone 858.503.0113 -ext 106
Fax 858-503-0120
E-mail: axiskarl@sandiegocommercialfunding.com
www.SanDiegoCommercialFunding.com
Posted by Karl Niederer on December 27th, 2007 10:07 AMPost a Comment (0)

The simple solution to your commercial financing needs.
December 26th, 2007 8:14 AM

Have you been turned down by the bank for a commercial loan?

We have a program that provides commercial financing to those who are underserved by traditional lenders

Would you have difficulty documenting all of your income for a bank loan?

We have a program that doesn’t verify income or require personal tax returns.

Are you comfortable having a lien placed on your home for your commercial loan?

We have a program that only uses your commercial property as collateral

Do you need $100,000, $250,000, $500,000 or more?

We have a program that allows for unrestricted cash out

Do you need a lender that will listen to your story?

We have a program with flexible “common sense” underwriting

Is your commercial property “single use” or not common?

We have a program that handles unique property types

Did you know that banks don’t guarantee the refinancing of short term balloon notes when they come due ?

We have a program with fully amortizing loans and no balloons

Can you wait 120 to 150 days for your loan?

We have a program that gets most qualified applicants their cash in under 60 days

In a nutshell…

?? No income verification

?? Commercial real estate secured

?? Unrestricted cash out

?? Able to see viable deals where traditional lenders fail

?? No balloons

?? Quick closings

What you need to know

?? Commercial is different than residential

?? Limited lender availability

?? More comprehensive appraisals

?? Environmental reviews

?? Fee structure based on risk

?? Every loan is different

Why

?? We understand the needs of small business owners

?? Knowledge of the lending environment

?? Strong investor relationship

?? Personal service to meet your specific needs

There are always opportunities through which businesspeople can profit handsomely if only they will recognize and seize them.

J. Paul Getty

Call us today 858-503-0113

Posted by Karl Niederer on December 26th, 2007 8:14 AMPost a Comment (0)

Just signed up with another bank!
December 20th, 2007 7:48 AM
With over 100 years of collective commercial lending experience, this bank's executive team has the expertise to manage and grow your real estate holdings with exceptionally flexible terms and competitive rates for commercial properties up to $10 million.
They have a wide range of products and a streamlined process that features efficient origination, standardized documentation and fixed closing costs with no hidden fees.
they're big ($29 billion in assets), but they haven't lost the personal touch. They are responsive to your needs. They are there for you.
   They offer a wide product range of permanent loans for multi-family properties with 5 or more units.
    They offer permanent loans for office, retail, mixed-use,
   light industrial, multi-tenant office, self-storage and
   owner occupied properties.
Standard Program Features
  • Loan amounts: $500,000 to $5,000,000+
  • Loan products: 3-, 5-, 7-, and 10-year hybrid
  • Adjustable interest rate indices: 6-month LIBOR, 12-MAT
  • Amortization term: 30- and 40-year amortization
  • Assumable
  • Non-recourse available
  • Tax and insurance impounds generally not required
  • Interest-only available
  Standard Program Terms
   Max LTV:
  • Multi-Family: Up to 80%
  • Commercial: Up to 75%
   Min DCR:
  • Multi-Family: 1.15
  • Commercial: 1.25
Posted by Karl Niederer on December 20th, 2007 7:48 AMPost a Comment (0)

Our newest flyers are flying out.
December 18th, 2007 9:34 AM

 Like most small business and commercial property owners, you may assume that a bank is the only place to go when your business needs cash. And, like others, you may already have experienced the frustration of all the red tape involved with applying for a bank loan. That’s why you should check out the fast, easy, most flexible way to apply, and get approved for, a small business commercial loan: the Capital Loan Program. It’s the three-easy-step way to get ahead, not held back.

You'll get:
  • FAST – Pre-approval often within 48 hours, and a quicker closing
  • EASY – Our loan officers will help you every step of the way
  • FLEXIBLE – Less paperwork, and common-sense decisions
Move ahead in business - don't get held back. Call us to apply for a commercial property loan through the Capital Loan program today.



  You may already have experienced the frustration – even turndowns – that can result when you apply for a small commercial loan and cannot meet rigid documentation requirements. That’s why you should check out the fastest, easiest, most flexible way to apply – and get approved for – a small commercial property loan: the Capital Loan Program. It’s just three easy steps to approval.

The Capital Loan Program is:
  • FAST – Pre-approval often within 48 hours, and a quicker closing
  • EASY – Our loan officers will help you every step of the way
  • FLEXIBLE – Less paperwork, and common-sense decisions
Get approved – and get ahead. Call us to apply for a small commercial loan through the Capital Loan Program today.
  You may already know the difficulties of doing business with a bank. Let’s face it, between all the red tape involved and the impersonal service, you’re more likely to be turned down than approved for a small commercial loan. That’s why you should check out the fast, easy, most flexible way to apply, and get approved for, a commercial loan: the Capital Loan Program. Three easy steps make it simple.

  • FAST – Pre-approval often within 48 hours, and a quicker closing
  • EASY – Our loan officers will help you every step of the way
  • FLEXIBLE – Less paperwork, and common-sense decisions
So forget the headaches. Call us now to apply for a commercial loan through the Capital Loan Program today.
Posted by Karl Niederer on December 18th, 2007 9:34 AMPost a Comment (0)

Be prepared to answer these types of question for you loan officer.
December 17th, 2007 11:00 AM

1. What type of commercial property/business?

 5+ multi-family

 mixed-use

 office/retail/warehouse

 light industrial/automotive

 special purpose (specify purpose)

2. Is it

  owner-operated or  investment?

3. Where is property located?

 urban  suburban  rural

4. What is the purchase price?

Has the property been appraised?

5. Is the purchase price strictly based upon real estate value?

If rural location, what is the land worth? Are you including the business/ongoing concern in the purchase price?

6. Do you have a purchase agreement or letter of intent? This will avoid pre-qualifying borrower who is just shopping to get preapproved without property.

7. When does your agreement of sale expire?

8. How much of a down payment do you have?

If 10% down, is the seller willing to carry back a 2nd mortgage? If yes, we can go up to 90% CLTV.

9. Are you self-employed or working for a company? How long?

10. Will your business occupy any portion of the property? If so, explain.

11. Do you know your current credit scores? Will need a tri-merged credit report. Are there any credit issues we need to discuss?

12. Is the property habitable as is? (Value is strictly based upon as-is condition of property; limited consideration is given to potential improvements.)

13. If multi-tenanted property, we will need to obtain a rent roll, leases (if commercial space), and building operating expenses (real estate taxes, insurance, common utilities, repairs).

Note: The objective is to get an idea about whether the property can debt service.

14. If multi-tenanted property (office, retail, etc.), what are the businesses occupying the space?

15. In the multi-tenanted space, how many units are occupied and vacant?

Posted by Karl Niederer on December 17th, 2007 11:00 AMPost a Comment (0)

Eligible properties - what will you lend on?
December 16th, 2007 9:51 AM


We Can Provide Financing For A Wide Variety Of Properties.

Use the expertise of our real estate professionals to determine the proper value for your commercial property – and take advantage of the simplicity and speed of our programs to simplify their financing. Eligible properties include:

  • Mixed Use – These properties integrate residential spaces with commercial uses, such as retail or office space. Often these properties have a ground floor retail store or office with apartment(s) above, all in the same building.

  • Multi-Family Housing – We fund residential structures that contain five or more dwelling units in the same building. These multi-story buildings generally offer individual apartments for rent with common area facilities, such as an entrance, lobby, elevator, stairs, hallway, walks or grounds.

  • Retail/Office Buildings – This category includes stand-alone buildings such as offices, supermarkets, convenience stores, drug stores, department stores, bakeries, and beauty shops – as well as strip centers, and neighborhood and community shopping centers.

  • Warehouses/Light Industrial Properties – Single and multi-tenant facilities that are used for warehousing, light manufacturing, distribution, research and development. Does not include buildings where heavy manufacturing or specialized industrial operations such as welding occur.

  • Automotive Services – Includes everything from auto repair facilities to retail auto shops and part supply stores.

  • Special Purpose/Unique Properties – Our lenders will consider all commercial and unique properties that fall within our program guidelines and loan amounts, including funeral homes, campgrounds, trailer and mobile home parks and gas stations.

  • Hotels/Motels – With our industry knowledge and expertise, we feel we understand the non-flagged world of hotels and motels better than most lenders. Our valuation assumptions are based on facts relative to the specific property.

  • Restaurants – We offer competitively priced financing for a wide range of properties, including owner-occupied and leased facilities as well as fast-food and full-serve restaurants in neighborhood settings or urban.

  • Self-Storage Facilities – Now one of the most competitive building classes in the country, these facilities are designed primarily for storage. This category also includes cold storage, RV and boat storage facilities, and truck terminals (transit facilities).

  • Health Care – Included in this category are all Assisted Living or Nursing Home types of operations where a license is required to operate the business.

Ineligible properties include:
  • Adult entertainment

  • Agricultural purpose

  • Church/Religious

  • Educational Facilities

  • Heavy industrial

  • Hospitals
Posted by Karl Niederer on December 16th, 2007 9:51 AMPost a Comment (0)

Q: Are you the right client for this type of loan?
December 15th, 2007 8:51 AM
A. Perfect candidates are those who need financing for an income-producing or commercial property, but are unable to qualify for traditional bank financing because they're unable or unwilling to verify income or assets. Our clients generally fit into one of these categories: 
  • Clients without sufficient credit history
  • Business owners who want to take cash out of their property
  • Entrepreneurs and self-employed people who want to purchase a site for their business
  • Real estate investors who wish to put as little as 10% down (allows CLTVs up to 90%)
Posted by Karl Niederer on December 15th, 2007 8:51 AMPost a Comment (1)
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Karl Niederer
Axis Real Estate & Mortgage, Inc. 5380 Clairemont Mesa Blvd. Suite 204 San Diego, CA 92117
Phone: Toll Free Phone: Fax:

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