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Real Estate Based
Other Business Related Services
Full Documentation-Where the borrower’s income is verified by a federal tax return. Any loan involving an owner-occupied business will also require a business federal tax return. Loans in this underwriting class tend to have the lowest interest rate.
No Documentation-Where the borrower’s income is not disclosed to the lender. This underwriting class tends to have the highest interest rates and is defined as “hard money”.
Credit Requirements-We work with all types of personal credit. (Generally, the higher the credit score the lower the interest rate. However, in commercial mortgages there are many other factors that effect the rate).
Large Balance- Loans-Generally are loans that are $2,000,000 and up. The lending criteria on these deals focus more on project worthiness. However, sponsor/guarantor strength is still a factor.
Small Balance Loans-Generally are loans that are $1,999,999 and under. The financial strength and credit rating of the borrower/guarantor are very important in lending decisions. The project cash flow must also be at an acceptable level for loan approval.
A merchant cash advance, also known as a business cash advance, is financing based on your future credit card receivables. This type of merchant financing is paid on a daily basis as a percentage of your credit card sales. Therefore, if your sales are high, your advance is paid off faster and if sales are lower, your payment is lower.
A merchant cash advance can help with:
Short-term capital needs
And more! APPLICATION