Commercial loan blog - News about my small balance commercial loan business – Karl Niederer SDCF Real Estate & Mortgage, Inc.

Commercial Loans

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)